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Continental Resources Bullish Moving Average Crossover Alert (CLR)

By Shiri Gupta

Continental Resources (NYSE:CLR) crossed over its 10-day moving average of $46.28 on a volume of 316K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Continental Resources have traded between a low of $13.94 and a high of $53.40 and are now at $46.50, which is 234% above that low price. 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 is monitoring the recent change of momentum in Continental Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Continental Resources in search of a potential trend change.

Keywords: moving crosses Continental Resources

Ticker(s): CLR