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Consol Energy Set to Possibly Rebound After Yesterday's Selloff of 2.03%

By David Diaz

Consol Energy (NYSE:CNX) traded in a range yesterday that spanned from a low of $8.69 to a high of $8.83. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $8.76 on volume of 562,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Consol Energy share prices have moved between a 52-week high of $18.37 and a 52-week low of $8.44 and are now trading 3% above that low price at $8.69 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 1.2%.

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

Keywords: rebounders consol energy

Ticker(s): CNX