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Superior Energy Bullish Moving Average Crossover Alert (SPN)

By James Quinn

Today, shares of Superior Energy (NYSE:SPN) have crossed bullishly above their 10-day moving average of $9.79 on a volume of 626K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Superior Energy share prices have moved between a 52-week high of $19.80 and a 52-week low of $7.66 and are now trading 30% above that low price at $9.91 per share. The 200-day and 50-day moving averages have moved 0.38% lower and 4.26% higher over the past week, respectively.

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

Keywords: moving crosses Superior Energy

Ticker(s): SPN