Crosstex Energy Upward Momentum Looks to Continue (XTXI)
SmarTrend identified an Uptrend for Crosstex Energy (NASDAQ: XTXI) on December 23, 2009 at $5.44. In approximately 3 months, Crosstex Energy has returned 70% as of today's recent price of $9.25.
Crosstex Energy is currently above its 50-day moving average of $7.87 and above its 200-day moving average of $5.40. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Crosstex Energy shares.
Write to Chip Brian at cbrian@tradethetrend.com
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