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

By Nick Russo

Today, shares of SM Energy (NYSE:SM) have crossed bullishly above their 10-day moving average of $29.97 on a volume of 638K shares. This may provide short-term investors a chance 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 $30.62, which is 338% 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 is tracking the current trend status for SM Energy and will alert subscribers who have SM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sm energy

Ticker(s): SM