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Wpx Energy Set to Possibly Rebound After Yesterday's Selloff of 1.18%

By Shiri Gupta

Wpx Energy (NYSE:WPX) traded in a range yesterday that spanned from a low of $9.99 to a high of $10.25. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $10.12 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wpx Energy share prices have moved between a 52-week high of $16.17 and a 52-week low of $8.23 and are now trading 22% above that low price at $10.06 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.9%.

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.

Keywords: rebounders wpx energy

Ticker(s): WPX