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Contl Res Inc/Ok Rises 3.19% 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 $31.46 to a high of $32.26. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $31.75 on volume of 245,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Contl Res Inc/Ok share prices have moved between a 52-week high of $52.03 and a 52-week low of $27.26 and are now trading 18% above that low price at $32.22 per share. The 200-day and 50-day moving averages have moved 0.57% lower and 1.01% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Contl Res Inc/Ok and will alert subscribers who have CLR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR