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Cimarex Energy C Bullish Moving Average Crossover Alert (XEC)

By Nick Russo

Cimarex Energy C (NYSE:XEC) crossed over its 10-day moving average of $56.12 on a volume of 129K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cimarex Energy C share prices have moved between a 52-week high of $103.91 and a 52-week low of $53.45 and are now trading 7% above that low price at $57.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cimarex Energy C on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $68.68. Since that call, shares of Cimarex Energy C have fallen 19.1%. 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