• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Canadian Natural Resources After 4.60% Loss

By Nick Russo

Canadian Natural Resources (NYSE:CNQ) traded in a range yesterday that spanned from a low of $29.78 to a high of $30.87. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $31.38 on volume of 3.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Canadian Natural Resources and will alert subscribers who have CNQ in their portfolio or watchlist when shares have changed trend direction.

Canadian Natural Resources share prices have moved between a 52-week high of $35.28 and a 52-week low of $14.60 and are now trading 105% above that low price at $29.95 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.4%.

Keywords: rebounders canadian natural resources

Ticker(s): CNQ