EQT Crosses Below its 10-day MA (EQT)
EQT (NYSE:EQT) crossed under its 10-day moving average of $74.81 on a volume of 252K shares. Swing traders may find 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 $74.64, 58% above that low. 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 43.9%. We continue to monitor EQT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses