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Consol Energy Bearish Moving Average Crossover Alert (CNX)

By David Diaz

Today, shares of Consol Energy (NYSE:CNX) have crossed bearishly below their 10-day moving average of $18.02 on a volume of 954K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Consol Energy share prices have been bracketed by a low of $4.54 and a high of $34.14 and are now at $17.70, 290% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 4.7%.

SmarTrend recommended that subscribers consider buying shares of Consol Energy on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.07. Since that recommendation, shares of Consol Energy have risen 82.2%. We continue to monitor CNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses consol energy

Ticker(s): CNX