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Contl Res Inc/Ok Rises 1.42% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $68.46 to a high of $69.69. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $68.70 on volume of 763,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Contl Res Inc/Ok on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.81. Since that recommendation, shares of Contl Res Inc/Ok have risen 26.6%. We continue to monitor CLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Contl Res Inc/Ok share prices have been bracketed by a low of $29.08 and a high of $69.69 and are now at $69.02, 137% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.2% while the 200-day MA has remained constant.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR