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Continental Resources Crosses Above its 10-day MA (CLR)

By David Diaz

Continental Resources (NYSE:CLR) crossed over its 10-day moving average of $33.44 on a volume of 900K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Continental Resources share prices have moved between a 52-week high of $161.82 and a 52-week low of $30.06 and are now trading 13% above that low price at $34.01 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.2% while the 200-day MA has slid 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Continental Resources on July 17th, 2015 by issuing a Downtrend alert when the shares were trading at $36.95. Since that call, shares of Continental Resources have fallen 11.2%. 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