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Newfield Explora Crosses Above its 10-day MA (NFX)

By David Diaz

Newfield Explora (NYSE:NFX) crossed over its 10-day moving average of $26.88 on a volume of 279K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Newfield Explora have traded between a low of $22.72 and a high of $35.20 and are now at $27.03, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Newfield Explora on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $28.00. Since that call, shares of Newfield Explora have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses newfield explora

Ticker(s): NFX