ConocoPhillips Crosses Below its 10-day MA (COP)
Today, shares of ConocoPhillips (NYSE:COP) have crossed bearishly below their 10-day moving average of $43.35 on a volume of 1.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, ConocoPhillips has traded in a range of $31.05 to $68.36 and is now at $42.15, 36% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 2.2%.
SmarTrend is monitoring the recent change of momentum in ConocoPhillips. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ConocoPhillips in search of a potential trend change.
Keywords: moving crosses ConocoPhillips