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WPX Energy Bullish Moving Average Crossover Alert (WPX)

By Amy Schwartz

Today, shares of WPX Energy (NYSE:WPX) have advanced above their 10-day MA of $11.71 on a volume of 1.9 million 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.

WPX Energy share prices have moved between a 52-week high of $14.65 and a 52-week low of $2.53 and are now trading 372% above that low price at $11.95 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 5.89% higher over the past week, respectively.

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 10.5%. 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