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Matador Resource Bullish Moving Average Crossover Alert (MTDR)

By Shiri Gupta

Today, shares of Matador Resource (NYSE:MTDR) have crossed bullishly above their 10-day moving average of $19.53 on a volume of 737K 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.

Matador Resource share prices have moved between a 52-week high of $35.22 and a 52-week low of $13.97 and are now trading 48% above that low price at $20.66 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses matador resource

Ticker(s): MTDR