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Devon Energy Co (DVN) Approaches New Downside Target of $24.05

By Amy Schwartz

Devon Energy Co (NYSE:DVN) has opened bearishly below the pivot of $24.87 today and has reached the first level of support at $24.52. Analysts will be watching for a cross of the next downside pivot targets of $24.05 and $23.23.

In the past 52 weeks, shares of Devon Energy Co have traded between the current low of $0.00 and a high of $42.27 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.7%.

Devon Energy Co has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $47.69. The stock should run into initial resistance at its 50-day moving average (MA) of $25.06 and subsequent resistance at its 200-day MA of $27.47.

SmarTrend is monitoring the recent change of momentum in Devon Energy Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Devon Energy Co in search of a potential trend change.

Keywords: pivot alerts devon energy co

Ticker(s): DVN