EQT Crosses Above its 10-day MA (EQT)
EQT (NYSE:EQT) shares have crossed bullishly above their 10-day moving average of $76.90 on a volume of 183K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, EQT share prices have been bracketed by a low of $47.10 and a high of $92.79 and are now at $77.20, 64% 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 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 47.2%. We continue to monitor EQT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses