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SmarTrend Watching for Potential Rebound in Shares of WPX Energy After 1.27% Loss

By David Diaz

WPX Energy (NYSE:WPX) traded in a range yesterday that spanned from a low of $11.86 to a high of $12.21. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $12.07 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

WPX Energy share prices have moved between a 52-week high of $16.17 and a 52-week low of $2.53 and are now trading 372% above that low price at $11.95 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.9%.

Keywords: rebounders wpx energy

Ticker(s): WPX