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Phillips 66 Crosses Below its 10-day MA (PSX)

By Nick Russo

Phillips 66 (NYSE:PSX) crossed under its 10-day moving average of $86.63 on a volume of 362K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Phillips 66 has traded in a range of $78.44 to $123.97 and is now at $86.10, 10% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Phillips 66 and will alert subscribers who have PSX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses phillips 66

Ticker(s): PSX