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Parsley Energy-A Crosses Above its 10-day MA (PE)

By David Diaz

Today, shares of Parsley Energy-A (NYSE:PE) have crossed bullishly above their 10-day moving average of $15.53 on a volume of 4.0 million 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 $13.72 and a high of $32.00 and are now at $15.64, 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.5%.

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