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Downtrend Call Working As Devon Energy Co Stock Falls 20.5% (DVN)

By Nick Russo

SmarTrend identified a Downtrend for Devon Energy Co (NYSE:DVN) on February 2nd, 2018 at $40.85. In approximately 1 month, Devon Energy Co has returned 20.51% as of today's recent price of $32.47.

Over the past year, Devon Energy Co has traded in a range of $28.79 to $50.69 and is now at $32.47, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 3.9%.

Devon Energy Corporation is an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and NGLs and the processing of natural gas. The Company also has marketing and midstream operations primarily in North America that include gas, crude oil, and NGLs.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Devon Energy Co.

Log in and add Devon Energy Co (DVN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights devon energy co

Ticker(s): DVN