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Devon Energy Co Crosses Below its 10-day MA (DVN)

By James Quinn

Today, shares of Devon Energy Co (NYSE:DVN) have crossed bearishly below their 10-day moving average of $22.90 on a volume of 1.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Devon Energy Co share prices have moved between a 52-week high of $43.60 and a 52-week low of $20.37 and are now trading 11% above that low price at $22.62 per share. The 200-day and 50-day moving averages have moved 0.65% lower and 0.79% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Devon Energy Co on July 18th, 2019 by issuing a Downtrend alert when the shares were trading at $25.70. Since that call, shares of Devon Energy Co have fallen 10.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses devon energy co

Ticker(s): DVN