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Cimarex Energy C Set to Possibly Rebound After Yesterday's Selloff of 1.59%

By James Quinn

Cimarex Energy C (NYSE:XEC) traded in a range yesterday that spanned from a low of $93.88 to a high of $96.51. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $96.07 on volume of 698,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Cimarex Energy C has traded in a range of $80.53 to $130.16 and is now at $94.99, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

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.

Keywords: rebounders cimarex energy c

Ticker(s): XEC