• Return to Headlines

Watch for Contl Res Inc/Ok to Potentially Rebound After Falling 1.03% Yesterday

By James Quinn

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $59.31 to a high of $61.80. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $61.36 on volume of 951,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Contl Res Inc/Ok share prices have moved between a 52-week high of $71.95 and a 52-week low of $36.05 and are now trading 67% above that low price at $60.38 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

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