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Continental Resources Rises 3.41% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Continental Resources (NYSE:CLR) traded in a range yesterday that spanned from a low of $52.03 to a high of $53.82. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $52.95 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Continental Resources have traded between a low of $13.94 and a high of $55.07 and are now at $53.41, which is 283% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 5.18% higher over the past week, respectively.

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

Keywords: rebounders Continental Resources

Ticker(s): CLR