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Whiting Petroleu Bearish Moving Average Crossover Alert (WLL)

By Amy Schwartz

Whiting Petroleu (NYSE:WLL) crossed under its 10-day moving average of $6.88 on a volume of 1.2 million 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, Whiting Petroleu share prices have been bracketed by a low of $6.00 and a high of $38.93 and are now at $6.46, 8% above that low price. The 200-day and 50-day moving averages have moved 1.65% lower and 1.17% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Whiting Petroleu and will alert subscribers who have WLL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses whiting petroleu

Ticker(s): WLL