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Matador Resource Set to Possibly Rebound After Yesterday's Selloff of 1.28%

By Amy Schwartz

Matador Resource (NYSE:MTDR) traded in a range yesterday that spanned from a low of $13.80 to a high of $14.06. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $13.96 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Matador Resource share prices have been bracketed by a current low of $13.80 and a high of $34.91 and are now at $13.94. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Matador Resource on July 18th, 2019 by issuing a Downtrend alert when the shares were trading at $17.41. Since that call, shares of Matador Resource have fallen 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders matador resource

Ticker(s): MTDR