Royal Dutch Shell Bearish Moving Average Crossover Alert (RDS.A)

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Dec 24, 2012 (Moving average crossovers via COMTEX) -- Royal Dutch Shell (NYSE:RDS.A) shares have crossed bearishly below their 10-day moving average of $68.93 on a volume of 450K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.In the past 52 weeks, Royal Dutch Shell share prices have been bracketed by a low of $60.62 and a high of $74.52 and are now at $68.82, 14% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Royal Dutch Shell PLC, through subsidiaries, explores for, produces, and refines petroleum. The Company produces fuels, chemicals, and lubricants. Shell owns and operates gasoline filling stations worldwide.

Potential upside of 13.7% exists for Royal Dutch Shell, based on a current level of $68.82 and analysts' average consensus price target of $78.28. The stock should find initial support at its 200-day moving average (MA) of $68.42 and further support at its 50-day MA of $68.02.

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