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Recent 52-Week Low Surpassed in Shares of Cimarex Energy C (XEC)

By James Quinn

Shares of Cimarex Energy C (NYSE:XEC) traded at a new 52-week low today of $38.21. This new low was reached on below average trading volume as 212,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.

Over the past year, Cimarex Energy Chas traded in a range of $38.21 to $101.19 and are now at $38.21. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2%.

Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas.

Cimarex Energy C has overhead space with shares priced $38.21, or 71.5% below the average consensus analyst price target of $134.28. The stock should run into initial resistance at its 50-day moving average (MA) of $52.33 and subsequent resistance at its 200-day MA of $67.09.

SmarTrend recommended that its subscribers protect gains by selling shares of Cimarex Energy C on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $68.68. Since that call, shares of Cimarex Energy C have fallen 44.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cimarex energy c

Ticker(s): XEC