EQT Bearish Moving Average Crossover Alert (EQT)
Today, shares of EQT (NYSE:EQT) have crossed bearishly below their 10-day moving average of $77.75 on a volume of 336K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
EQT share prices have moved between a 52-week high of $92.79 and a 52-week low of $47.10 and are now trading 61% above that low price at $75.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.
SmarTrend recommended that subscribers consider buying shares of EQT on December 24th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.10. Since that recommendation, shares of EQT have risen 52.3%. We continue to monitor EQT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses