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Sm Energy Co Crosses Above its 10-day MA (SM)

By Shiri Gupta

Today, shares of Sm Energy Co (NYSE:SM) have crossed bullishly above their 10-day moving average of $17.89 on a volume of 718K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Sm Energy Co share prices have been bracketed by a low of $12.29 and a high of $43.09 and are now at $18.57, 51% above that low price. Over the past week, 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 Co on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $23.14. Since that call, shares of Sm Energy Co have fallen 24.7%. 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