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Watch for Contl Res Inc/Ok to Potentially Pullback After Gaining 3.19% Yesterday

By James Quinn

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $31.46 to a high of $32.26. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $31.75 on volume of 245,000 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 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.

Over the past year, Contl Res Inc/Ok has traded in a range of $27.26 to $52.03 and is now at $32.22, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR