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Bullish Moving Average Cross by Matador Resource (MTDR)

By James Quinn

Today, shares of Matador Resource (NYSE:MTDR) have crossed bullishly above their 10-day moving average of $13.63 on a volume of 327K 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, shares of Matador Resource have traded between a low of $12.16 and a high of $30.00 and are now at $14.47, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.6%.

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