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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 $18.07 on a volume of 1.9 million shares. This may provide swing traders with 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 $8.23 and a high of $19.17 and are now at $17.72, 115% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.9% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Wpx Energy on February 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.95. Since that recommendation, shares of Wpx Energy have risen 22.6%. 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