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

By Amy Schwartz

Qep Resources In (NYSE:QEP) crossed under its 10-day moving average of $12.63 on a volume of 811K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Qep Resources In have traded between a low of $7.02 and a high of $13.77 and are now at $12.05, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Qep Resources In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Qep Resources In in search of a potential trend change.

Keywords: moving crosses qep resources in

Ticker(s): QEP