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Cimarex Energy C Bearish Moving Average Crossover Alert (XEC)

By Nick Russo

Today, shares of Cimarex Energy C (NYSE:XEC) have fallen below their 10-day MA of $94.62 on a volume of 177K 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.

Over the past year, Cimarex Energy C has traded in a range of $89.49 to $146.96 and is now at $94.07, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cimarex Energy C on January 26th, 2018 by issuing a Downtrend alert when the shares were trading at $120.57. Since that call, shares of Cimarex Energy C have fallen 20.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cimarex energy c

Ticker(s): XEC