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

By David Diaz

Today, shares of Newfield Exploration (NYSE:NFX) have fallen below their 10-day MA of $43.24 on a volume of 326K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Newfield Exploration have traded between a low of $20.84 and a high of $47.56 and are now at $43.08, which is 107% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.1%.

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