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Contl Res Inc/Ok Crosses Below its 10-day MA (CLR)

By David Diaz

Today, shares of Contl Res Inc/Ok (NYSE:CLR) have fallen below their 10-day MA of $37.68 on a volume of 430K 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.

In the past 52 weeks, Contl Res Inc/Ok share prices have been bracketed by a low of $34.61 and a high of $71.95 and are now at $37.05, 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Contl Res Inc/Ok on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $45.10. Since that call, shares of Contl Res Inc/Ok have fallen 14.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses contl res inc/ok

Ticker(s): CLR