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Pdc Energy Inc Crosses Below its 10-day MA (PDCE)

By James Quinn

Today, shares of Pdc Energy Inc (NASDAQ:PDCE) have crossed bearishly below their 10-day moving average of $54.57 on a volume of 114K 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, Pdc Energy Inc share prices have been bracketed by a low of $36.74 and a high of $84.88 and are now at $54.40, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Pdc Energy Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.88. Since that recommendation, shares of Pdc Energy Inc have risen 7.9%. We continue to monitor PDCE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pdc energy inc

Ticker(s): PDCE