Bearish Moving Average Cross by Continental Resources (CLR)
Today, shares of Continental Resources (NYSE:CLR) have fallen below their 10-day MA of $40.26 on a volume of 1.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Continental Resources share prices have moved between a 52-week high of $53.40 and a 52-week low of $13.94 and are now trading 186% above that low price at $39.80 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 5.18% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Continental Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Continental Resources in search of a potential trend change.
Keywords: moving crosses Continental Resources