• Return to Headlines

Continental Resources Bearish Moving Average Crossover Alert (CLR)

By Shiri Gupta

Today, shares of Continental Resources (NYSE:CLR) have fallen below their 10-day MA of $44.30 on a volume of 540K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Continental Resources share prices have moved between a 52-week high of $60.30 and a 52-week low of $13.94 and are now trading 216% above that low price at $44.06 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 5.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Continental Resources on December 13th, 2016 by issuing a Downtrend alert when the shares were trading at $53.05. Since that call, shares of Continental Resources have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Continental Resources

Ticker(s): CLR