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Watch for Shares of Devon Energy Co (DVN) to Approach Resistance at $10.33

By Nick Russo

Shares of Devon Energy Co (NYSE:DVN) opened today above their pivot of $9.84 and have already reached the first level of resistance at $10.00. Investors may be interested in a cross of the next upside pivot targets of $10.33 and $10.82.

Devon Energy Co has overhead space with shares priced $9.55, or 80.0% below the average consensus analyst price target of $47.69. Devon Energy Co shares should first meet resistance at the 50-day moving average (MA) of $14.32 and find additional resistance at the 200-day MA of $21.64.

In the past 52 weeks, Devon Energy Co share prices have been bracketed by a low of $4.70 and a high of $35.39 and are now at $9.55, 103% above that low price. The 200-day and 50-day moving averages have moved 1.31% lower and 5.62% lower over the past week, respectively.

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.

Keywords: pivot alerts devon energy co

Ticker(s): DVN