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Contl Res Inc/Ok Set to Possibly Pullback After Yesterday's Rally of 7.02%

By Amy Schwartz

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $39.48 to a high of $42.62. Yesterday, the shares gained 7.0%, which took the trading range above the 3-day high of $41.73 on volume of 1.5 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 Contl Res Inc/Ok have traded between a low of $34.61 and a high of $71.95 and are now at $42.62, which is 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.1%.

SmarTrend is monitoring the recent change of momentum in Contl Res Inc/Ok. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Contl Res Inc/Ok in search of a potential trend change.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR