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Parsley Energy-A Bearish Moving Average Crossover Alert (PE)

By David Diaz

Parsley Energy-A (NYSE:PE) crossed under its 10-day moving average of $16.89 on a volume of 1.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Parsley Energy-A share prices have moved between a 52-week high of $32.33 and a 52-week low of $14.17 and are now trading 18% above that low price at $16.65 per share. The 200-day and 50-day moving averages have moved 1% lower and 1.17% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Parsley Energy-A on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $19.21. Since that call, shares of Parsley Energy-A have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses parsley energy-a

Ticker(s): PE