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Matador Resource Crosses Above its 10-day MA (MTDR)

By Nick Russo

Today, shares of Matador Resource (NYSE:MTDR) have advanced above their 10-day MA of $23.22 on a volume of 265K 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.

Over the past year, Matador Resource has traded in a range of $18.56 to $28.51 and is now at $23.69, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has remained constant.

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