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Diamondback Ener Crosses Below its 10-day MA (FANG)

By David Diaz

Today, shares of Diamondback Ener (NASDAQ:FANG) have crossed bearishly below their 10-day moving average of $83.43 on a volume of 154K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Diamondback Ener have traded between a low of $80.75 and a high of $131.34 and are now at $83.26, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

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