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Bearish Moving Average Cross by Cimarex Energy C (XEC)

By David Diaz

Cimarex Energy C (NYSE:XEC) shares have crossed bearishly below their 10-day moving average of $41.51 on a volume of 105K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cimarex Energy C share prices have been bracketed by a low of $37.89 and a high of $101.19 and are now at $41.17, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cimarex Energy C on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $68.68. Since that call, shares of Cimarex Energy C have fallen 39.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cimarex energy c

Ticker(s): XEC