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After Yesterday's Decline of 1.82%, Conocophillips Offers Investors Better Value

By James Quinn

Conocophillips (NYSE:COP) traded in a range yesterday that spanned from a low of $58.61 to a high of $59.91. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $59.27 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Conocophillips have traded between a low of $50.13 and a high of $71.01 and are now at $59.46, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders ConocoPhillips

Ticker(s): COP