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Devon Energy Bullish Moving Average Crossover Alert (DVN)

By Amy Schwartz

Devon Energy (NYSE:DVN) crossed over its 10-day moving average of $33.22 on a volume of 1.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Devon Energy has traded in a range of $18.07 to $70.48 and is now at $33.36, 85% above that low. The 200-day and 50-day moving averages have moved 1.15% lower and 3.91% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Devon Energy on April 20th, 2017 by issuing a Downtrend alert when the shares were trading at $39.64. Since that call, shares of Devon Energy have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses devon energy

Ticker(s): DVN