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Laredo Petroleum Crosses Below its 10-day MA (LPI)

By James Quinn

Today, shares of Laredo Petroleum (NYSE:LPI) have crossed bearishly below their 10-day moving average of $9.68 on a volume of 415K 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 Laredo Petroleum have traded between a low of $7.41 and a high of $13.46 and are now at $9.34, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.1%.

SmarTrend is monitoring the recent change of momentum in Laredo Petroleum. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Laredo Petroleum in search of a potential trend change.

Keywords: moving crosses laredo petroleum

Ticker(s): LPI