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QEP Resources Bullish Moving Average Crossover Alert (QEP)

By Nick Russo

QEP Resources (NYSE:QEP) shares have crossed bullishly above their 10-day moving average of $18.14 on a volume of 695K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

QEP Resources share prices have moved between a 52-week high of $23.46 and a 52-week low of $8.54 and are now trading 116% above that low price at $18.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.2% while the 200-day MA has risen 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of QEP Resources on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $18.24. Since that call, shares of QEP Resources have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses qep resources

Ticker(s): QEP