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Contl Res Inc/Ok Set to Possibly Pullback After Yesterday's Rally of 4.46%

By James Quinn

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $38.94 to a high of $41.21. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $40.24 on volume of 986,000 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 Contl Res Inc/Ok have traded between a low of $34.61 and a high of $71.95 and are now at $41.17, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.85% lower and 1.06% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Contl Res Inc/Ok on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $45.10. Since that call, shares of Contl Res Inc/Ok have fallen 12.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR