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Consol Energy Bullish Moving Average Crossover Alert (CNX)

By James Quinn

Consol Energy (NYSE:CNX) shares have crossed bullishly above their 10-day moving average of $14.77 on a volume of 660K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Consol Energy share prices have moved between a 52-week high of $18.37 and a 52-week low of $11.69 and are now trading 27% above that low price at $14.89 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Consol Energy on July 30th, 2018 by issuing a Downtrend alert when the shares were trading at $15.92. Since that call, shares of Consol Energy have fallen 8.6%. 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