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EQT Bearish Moving Average Crossover Alert (EQT)

By Amy Schwartz

Today, shares of EQT (NYSE:EQT) have crossed bearishly below their 10-day moving average of $69.19 on a volume of 280K 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 EQT have traded between a low of $47.10 and a high of $92.79 and are now at $69.02, which is 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.6%.

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 34.5%. We continue to monitor EQT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): EQT