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Newfield Exploration Crosses Below its 10-day MA (NFX)

By James Quinn

Newfield Exploration (NYSE:NFX) crossed under its 10-day moving average of $43.10 on a volume of 317K 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, Newfield Exploration share prices have been bracketed by a low of $20.84 and a high of $47.56 and are now at $42.58, 104% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 3.13% higher over the past week, respectively.

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

Keywords: moving crosses Newfield Exploration

Ticker(s): NFX