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Bearish Moving Average Cross by Matador Resource (MTDR)

By Shiri Gupta

Today, shares of Matador Resource (NYSE:MTDR) have crossed bearishly below their 10-day moving average of $32.01 on a volume of 984K 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.

In the past 52 weeks, shares of Matador Resource have traded between a low of $22.87 and a high of $35.22 and are now at $31.51, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.44% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Matador Resource and will alert subscribers who have MTDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses matador resource

Ticker(s): MTDR