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Sm Energy Co Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Sm Energy Co (NYSE:SM) traded at a new 52-week high today of $31.66. This new high was reached on below average trading volume as 197,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Sm Energy Co (NYSE:SM) is currently priced 4.1% above its average consensus analyst price target of $30.37. The stock should discover initial support at its 50-day moving average (MA) of $28.22 and subsequent support at its 200-day MA of $23.82.

SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company's operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.

Sm Energy Co share prices have moved between a 52-week high of $31.66 and a 52-week low of $13.55 and are now trading 134% above that low price at $31.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Sm Energy Co on June 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.49. Since that recommendation, shares of Sm Energy Co have risen 18.3%. We continue to monitor SM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sm energy co

Ticker(s): SM