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Cimarex Energy C: New 52-Week Low Set Today (XEC)

By Amy Schwartz

Shares of Cimarex Energy C (NYSE:XEC) traded today at $52.51, breaking its 52-week low. So far today approximately 278,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

In the past 52 weeks, Cimarex Energy C share prices have been bracketed by a current low of $52.51 and a high of $101.19 and are now at $52.51. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.8%.

Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas.

There is potential upside of 155.7% for shares of Cimarex Energy C based on a current price of $52.51 and an average consensus analyst price target of $134.28. The stock should run into initial resistance at its 50-day moving average (MA) of $60.43 and subsequent resistance at its 200-day MA of $72.21.

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 22.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cimarex energy c

Ticker(s): XEC