• Return to Headlines

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

By Amy Schwartz

Qep Resources In (NYSE:QEP) shares have crossed bullishly above their 10-day moving average of $9.20 on a volume of 669K 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.

Over the past year, Qep Resources In has traded in a range of $7.02 to $21.12 and is now at $9.38, 34% above that low. 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 subscribers consider buying shares of Qep Resources In on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.57. Since that recommendation, shares of Qep Resources In have risen 3.6%. We continue to monitor QEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qep resources in

Ticker(s): QEP