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Bullish Moving Average Cross by Cimarex Energy (XEC)

By David Diaz

Cimarex Energy (NYSE:XEC) crossed over its 10-day moving average of $117.66 on a volume of 215K shares. This may provide swing traders with an opportunity 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 $146.96 and are now at $117.91, 62% 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 recommended that its subscribers protect gains by selling shares of Cimarex Energy on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $132.80. Since that call, shares of Cimarex Energy have fallen 12.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Cimarex Energy

Ticker(s): XEC