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

By Shiri Gupta

Today, shares of Parsley Energy-A (NYSE:PE) have crossed bullishly above their 10-day moving average of $18.33 on a volume of 391K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Parsley Energy-A share prices have been bracketed by a low of $14.17 and a high of $33.43 and are now at $18.55, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Parsley Energy-A and will alert subscribers who have PE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses parsley energy-a

Ticker(s): PE