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Bearish Moving Average Cross by Contl Res Inc/Ok (CLR)

By James Quinn

Contl Res Inc/Ok (NYSE:CLR) shares have crossed bearishly below their 10-day moving average of $28.74 on a volume of 297K 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 Contl Res Inc/Ok have traded between a low of $27.26 and a high of $55.55 and are now at $28.08, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Contl Res Inc/Ok and will alert subscribers who have CLR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses contl res inc/ok

Ticker(s): CLR