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SmarTrend Watching for Potential Rebound in Shares of Contl Res Inc/Ok After 3.42% Loss

By Shiri Gupta

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $40.72 to a high of $43.76. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $41.47 on volume of 1.4 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, 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. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.7%.

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