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

By Amy Schwartz

SM Energy (NYSE:SM) crossed under its 10-day moving average of $39.71 on a volume of 396K 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.

In the past 52 weeks, SM Energy share prices have been bracketed by a low of $6.99 and a high of $60.28 and are now at $39.61, 467% 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 subscribers consider buying shares of SM Energy on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.01. Since that recommendation, shares of SM Energy have risen 33.8%. We continue to monitor SM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sm energy

Ticker(s): SM