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Devon Energy Co (DVN) Crosses Pivot Point Resistance at $41.71

By Shiri Gupta

Shares of Devon Energy Co (NYSE:DVN) have bullishly opened above the pivot of $41.28 today and have reached the first resistance level of $41.71. Investors may be interested in a cross of the next upside pivot targets of $42.01 and $42.73.

Devon Energy Co (NYSE:DVN) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $47.69. Devon Energy Co shares should first meet resistance at the 50-day moving average (MA) of $27.95 and find additional resistance at the 200-day MA of $35.32.

In the past 52 weeks, shares of Devon Energy Co have traded between the current low of $0.00 and a high of $50.69 and are now at $0.00. The 200-day and 50-day moving averages have moved 1.15% lower and 3.91% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Devon Energy Co on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.72. Since that recommendation, shares of Devon Energy Co have risen 22.8%. We continue to monitor DVN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts devon energy co

Ticker(s): DVN