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Watch for Contl Res Inc/Ok to Potentially Pullback After Gaining 2.72% Yesterday

By James Quinn

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $52.24 to a high of $53.42. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $52.84 on volume of 1.1 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, Contl Res Inc/Ok share prices have been bracketed by a low of $29.08 and a high of $60.30 and are now at $53.03, 82% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 5.2%.

SmarTrend is tracking the current trend status for Contl Res Inc/Ok and will alert subscribers who have CLR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR