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Next Resistance Level for Conocophillips (COP) is $72.74

By Shiri Gupta

Shares of Conocophillips (NYSE:COP) opened today above their pivot of $70.41 and have already reached the first level of resistance at $71.40. Should the shares continue to rise, the resistance pivots of $72.74 and $75.07 will be of interest.

Conocophillips share prices have moved between a 52-week high of $72.00 and a 52-week low of $42.26 and are now trading 68% above that low price at $70.88 per share. The 200-day and 50-day moving averages have moved 0.57% higher and 0.45% higher over the past week, respectively.

Conocophillips has overhead space with shares priced $70.88, or 2.7% below the average consensus analyst price target of $72.85. Conocophillips shares have support at the 50-day moving average (MA) of $68.35 and additional support at the 200-day MA of $58.46.

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.

Keywords: pivot alerts ConocoPhillips

Ticker(s): COP