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Watch for Devon Energy Co to Potentially Pullback After Gaining 2.21% Yesterday

By Amy Schwartz

Devon Energy Co (NYSE:DVN) traded in a range yesterday that spanned from a low of $21.74 to a high of $22.46. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $22.37 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Devon Energy Co has traded in a range of $19.72 to $35.39 and is now at $21.81, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.4%.

Keywords: rebounders devon energy co

Ticker(s): DVN