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Cimarex Energy C Falls 1.42% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Cimarex Energy C (NYSE:XEC) traded in a range yesterday that spanned from a low of $39.63 to a high of $40.33. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $40.08 on volume of 451,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Cimarex Energy C and will alert subscribers who have XEC in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Cimarex Energy C has traded in a range of $37.19 to $76.74 and is now at $39.50, 6% above that low. The 200-day and 50-day moving averages have moved 1.11% lower and 0.9% lower over the past week, respectively.

Keywords: rebounders cimarex energy c

Ticker(s): XEC