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Jan 09, 2013 (SmarTrend(R) News Watch via COMTEX) -- Devon Energy (NYSE:DVN) traded in a range yesterday that spanned from a low of $53.15 to a high of $54.82. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $53.31 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend is monitoring the recent change of momentum in Devon Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Devon Energy in search of a potential trend change.
In the past 52 weeks, Devon Energy share prices have been bracketed by a low of $50.89 and a high of $76.34 and are now at $53.36, 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.
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Copyright, Comtex News Network, Inc. 2013
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