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13.4% Return Seen to Date on SmarTrend Energen Call (EGN)
Nov 09, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Energen (NYSE:EGN) on October 15th, 2012 at $50.51. In approximately 4 weeks, Energen has returned 13.40% as of today's recent price of $43.74.
Energen share prices have moved between a 52-week high of $58.24 and a 52-week low of $40.13 and are now trading 9% above that low price at $43.74 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.
Energen Corporation is a diversified energy holding company. The Company acquires, develops, explores, and produces oil, natural gas and natural gas liquids in the continental United States. The Company also purchases, distributes and sells natural gas, principally in central and north Alabama.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Energen.
Log in and add Energen (EGN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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