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Conocophillips Crosses Above its 10-day MA (COP)

By Amy Schwartz

Today, shares of Conocophillips (NYSE:COP) have advanced above their 10-day MA of $27.23 on a volume of 673K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Conocophillips share prices have moved between a 52-week high of $69.60 and a 52-week low of $20.84 and are now trading 34% above that low price at $27.93 per share. The 200-day and 50-day moving averages have moved 0.85% lower and 4.43% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Conocophillips on January 24th, 2020 by issuing a Downtrend alert when the shares were trading at $62.38. Since that call, shares of Conocophillips have fallen 60.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ConocoPhillips

Ticker(s): COP