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Consol Energy Bearish Moving Average Crossover Alert (CNX)

By James Quinn

Consol Energy (NYSE:CNX) crossed under its 10-day moving average of $7.00 on a volume of 578K 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 $6.14 and a high of $16.09 and are now at $6.68, 9% above that low price. The 200-day and 50-day moving averages have moved 0.99% lower and 0.55% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Consol Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Consol Energy in search of a potential trend change.

Keywords: moving crosses consol energy

Ticker(s): CNX