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Conocophillips Bearish Moving Average Crossover Alert (COP)

By James Quinn

Conocophillips (NYSE:COP) shares have crossed bearishly below their 10-day moving average of $55.16 on a volume of 100K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Conocophillips share prices have moved between a 52-week high of $74.19 and a 52-week low of $50.13 and are now trading 9% above that low price at $54.63 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

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: moving crosses ConocoPhillips

Ticker(s): COP