COP Crosses Below Key Moving Average Level

In trading on Wednesday, shares of ConocoPhillips (Symbol: COP) crossed below their 200 day moving average of $111.71, changing hands as low as $110.97 per share. ConocoPhillips shares are currently trading off about 1.5% on the day. The chart below shows the one year performance of COP shares, versus its 200 day moving average: {{ InlineImage1 }}

Looking at the chart above, COP's low point in its 52 week range is $91.59 per share, with $127.35 as the 52 week high point — that compares with a last trade of $111.00. The COP DMA information above was sourced from TechnicalAnalysisChannel.com

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