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EQT Bullish Moving Average Crossover Alert (EQT)

By Shiri Gupta

Today, shares of EQT (NYSE:EQT) have advanced above their 10-day MA of $55.03 on a volume of 232K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $55.23, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of EQT on May 1st, 2017 by issuing a Downtrend alert when the shares were trading at $58.07. Since that call, shares of EQT have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): EQT