• Return to Headlines

QEP Resources Crosses Above its 10-day MA (QEP)

By Shiri Gupta

QEP Resources (NYSE:QEP) shares have crossed bullishly above their 10-day moving average of $11.44 on a volume of 796K 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.

In the past 52 weeks, shares of QEP Resources have traded between a low of $8.54 and a high of $23.46 and are now at $11.66, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 4.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of QEP Resources on January 11th, 2017 by issuing a Downtrend alert when the shares were trading at $17.85. Since that call, shares of QEP Resources have fallen 36.6%. 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