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ConocoPhillips Crosses Below its 10-day MA (COP)

By David Diaz

Today, shares of ConocoPhillips (NYSE:COP) have fallen below their 10-day MA of $43.96 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

ConocoPhillips share prices have moved between a 52-week high of $68.36 and a 52-week low of $31.05 and are now trading 41% above that low price at $43.76 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 2.22% higher over the past week, respectively.

SmarTrend is tracking the current trend status for ConocoPhillips and will alert subscribers who have COP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ConocoPhillips

Ticker(s): COP