Energen Bearish Moving Average Crossover Alert (EGN)
Today, shares of Energen (NYSE:EGN) have crossed bearishly below their 10-day moving average of $47.84 on a volume of 161K 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 Energen have traded between a low of $40.13 and a high of $58.24 and are now at $47.45, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Energen on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.40. Since that recommendation, shares of Energen have risen 5.7%. We continue to monitor EGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses energen