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WPX Energy Bearish Moving Average Crossover Alert (WPX)

By James Quinn

Today, shares of WPX Energy (NYSE:WPX) have crossed bearishly below their 10-day moving average of $12.78 on a volume of 2.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, WPX Energy share prices have been bracketed by a low of $2.53 and a high of $14.65 and are now at $12.25, 384% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.9%.

SmarTrend recommended that subscribers consider buying shares of WPX Energy on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.50. Since that recommendation, shares of WPX Energy have risen 23.3%. We continue to monitor WPX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wpx energy

Ticker(s): WPX