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Devon Energy Crosses Above its 10-day MA (DVN)

By Shiri Gupta

Devon Energy (NYSE:DVN) crossed over its 10-day moving average of $42.93 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Devon Energy have traded between a low of $18.07 and a high of $70.48 and are now at $44.22, which is 145% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 3.9%.

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

Keywords: moving crosses devon energy

Ticker(s): DVN