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Stone Energy Crosses Below its 10-day MA (SGY)

By James Quinn

Stone Energy (NYSE:SGY) crossed under its 10-day moving average of $10.78 on a volume of 699K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Stone Energy share prices have moved between a 52-week high of $25.50 and a 52-week low of $0.27 and are now trading 3,823% above that low price at $10.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 4% while the 50-day MA has declined 5.4%.

SmarTrend is monitoring the recent change of momentum in Stone Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Stone Energy in search of a potential trend change.

Keywords: moving crosses stone energy

Ticker(s): SGY