Devon Energy Stock Looks Due for a Rebound
Devon Energy(DVN) schaeffersresearch.com·2024-05-24 02:59
The shares of Devon Energy Corp (NYSE:DVN) are down 1.2% at $48.24 at last check today. The stock has been slipping on the charts since its Apr. 12, roughly 52-week high of $55.09, which occurred after 10-straight weekly gains. However, DVN is still up 6.5% in 2024, and this recent pullback has it testing support at its 80-day moving average, a historically bullish trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security has come within one standard deviation of its 80-day moving ave ...