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Energen Corp Crosses Below its 10-day MA (EGN)

By Nick Russo

Energen Corp (NYSE:EGN) shares have crossed bearishly below their 10-day moving average of $67.92 on a volume of 211K 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 Corp share prices have been bracketed by a low of $46.16 and a high of $71.97 and are now at $67.36, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.

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

Keywords: moving crosses energen corp

Ticker(s): EGN