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Consol Energy Bullish Moving Average Crossover Alert (CNX)

By Nick Russo

Consol Energy (NYSE:CNX) shares have crossed bullishly above their 10-day moving average of $14.44 on a volume of 529K 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.

In the past 52 weeks, shares of Consol Energy have traded between a low of $13.36 and a high of $22.34 and are now at $14.65, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 4.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Consol Energy on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $15.48. Since that call, shares of Consol Energy have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses consol energy

Ticker(s): CNX