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Consol Energy (CNX) Breaks Through Support at $16.91

By David Diaz

Shares of Consol Energy (NYSE:CNX) have bearishly opened below the pivot of $17.27 today and have reached the first support level of $16.91. Analysts will be watching for a cross of the next downside pivot targets of $16.70 and $16.13.

There is potential upside of 13.9% for shares of Consol Energy based on a current price of $16.73 and an average consensus analyst price target of $19.06. Consol Energy shares have support at the 50-day moving average (MA) of $11.98 and additional support at the 200-day MA of $10.43.

Consol Energy share prices have moved between a 52-week high of $22.34 and a 52-week low of $11.69 and are now trading 43% above that low price at $16.73 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 4.7%.

SmarTrend recommended that subscribers consider buying shares of Consol Energy on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.67. Since that recommendation, shares of Consol Energy have risen 16.7%. We continue to monitor CNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts consol energy

Ticker(s): CNX