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Bearish Moving Average Cross by Cimarex Energy (XEC)

By James Quinn

Cimarex Energy (NYSE:XEC) crossed under its 10-day moving average of $137.88 on a volume of 136K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Cimarex Energy have traded between a low of $72.77 and a high of $142.07 and are now at $137.41, which is 89% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 1.86% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Cimarex Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cimarex Energy in search of a potential trend change.

Keywords: moving crosses Cimarex Energy

Ticker(s): XEC