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Bullish Moving Average Cross by Cimarex Energy (XEC)

By Shiri Gupta

Today, shares of Cimarex Energy (NYSE:XEC) have crossed bullishly above their 10-day moving average of $116.37 on a volume of 154K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cimarex Energy share prices have been bracketed by a low of $72.77 and a high of $132.18 and are now at $116.90, 61% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

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

Keywords: moving crosses Cimarex Energy

Ticker(s): XEC