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Conocophillips Crosses Above its 10-day MA (COP)

By Shiri Gupta

Today, shares of Conocophillips (NYSE:COP) have crossed bullishly above their 10-day moving average of $58.72 on a volume of 821K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Conocophillips share prices have moved between a 52-week high of $80.24 and a 52-week low of $56.75 and are now trading 4% above that low price at $59.12 per share. The 200-day and 50-day moving averages have moved 0.28% lower and 0.8% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Conocophillips on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $65.81. Since that call, shares of Conocophillips have fallen 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ConocoPhillips

Ticker(s): COP