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EQT Bearish Moving Average Crossover Alert (EQT)

By James Quinn

Today, shares of EQT (NYSE:EQT) have fallen below their 10-day MA of $77.49 on a volume of 271K 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.

Over the past year, EQT has traded in a range of $47.10 to $92.79 and is now at $76.70, 63% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 1.35% higher over the past week, respectively.

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 50.5%. 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