Energen Bearish Moving Average Crossover Alert (EGN)
Today, shares of Energen (NYSE:EGN) have crossed bearishly below their 10-day moving average of $66.73 on a volume of 110K 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, Energen share prices have been bracketed by a low of $41.38 and a high of $69.28 and are now at $66.46, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.7%.
SmarTrend recommended that subscribers consider buying shares of Energen on July 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.10. Since that recommendation, shares of Energen have risen 19.7%. We continue to monitor EGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses energen