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Diamondback Ener Bullish Moving Average Crossover Alert (FANG)

By David Diaz

Today, shares of Diamondback Ener (NASDAQ:FANG) have advanced above their 10-day MA of $98.20 on a volume of 797K 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.

Over the past year, Diamondback Ener has traded in a range of $85.19 to $140.78 and is now at $105.26, 24% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Diamondback Ener and will alert subscribers who have FANG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses diamondback ener

Ticker(s): FANG