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Sm Energy Co Bearish Moving Average Crossover Alert (SM)

By Amy Schwartz

Sm Energy Co (NYSE:SM) crossed under its 10-day moving average of $9.86 on a volume of 502K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Sm Energy Co has traded in a range of $8.51 to $33.76 and is now at $9.71, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sm Energy Co on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $14.40. Since that call, shares of Sm Energy Co have fallen 30.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sm energy co

Ticker(s): SM