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Look for Shares of Contl Res Inc/Ok to Potentially Pullback after Yesterday's 7.02% Rise

By James Quinn

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.

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.

Contl Res Inc/Ok share prices have moved between a 52-week high of $71.95 and a 52-week low of $34.61 and are now trading 23% above that low price at $42.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.7%.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR