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SM Energy Bullish Moving Average Crossover Alert (SM)

By Nick Russo

SM Energy (NYSE:SM) crossed over its 10-day moving average of $21.45 on a volume of 840K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of SM Energy have traded between a low of $6.99 and a high of $60.28 and are now at $22.04, which is 215% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 9.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of SM Energy on February 1st, 2017 by issuing a Downtrend alert when the shares were trading at $29.78. Since that call, shares of SM Energy have fallen 28.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sm energy

Ticker(s): SM