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

By Nick Russo

Today, shares of Cimarex Energy (NYSE:XEC) have crossed bearishly below their 10-day moving average of $117.70 on a volume of 112K 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, Cimarex Energy share prices have been bracketed by a low of $72.77 and a high of $132.18 and are now at $117.29, 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cimarex Energy and will alert subscribers who have XEC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Cimarex Energy

Ticker(s): XEC