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

By David Diaz

Today, shares of Devon Energy (NYSE:DVN) have crossed bullishly above their 10-day moving average of $40.03 on a volume of 1.9 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.

Devon Energy share prices have moved between a 52-week high of $70.48 and a 52-week low of $18.07 and are now trading 123% above that low price at $40.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.9% while the 200-day MA has slid 1.1%.

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