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Cimarex Energy C Crosses Below its 10-day MA (XEC)

By David Diaz

Today, shares of Cimarex Energy C (NYSE:XEC) have crossed bearishly below their 10-day moving average of $56.33 on a volume of 229K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Cimarex Energy C have traded between a low of $54.07 and a high of $103.91 and are now at $55.85, which is 3% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.7%.

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 17.5%. 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