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Watch for Contl Res Inc/Ok to Potentially Rebound After Falling 3.26% Yesterday

By Shiri Gupta

Contl Res Inc/Ok (NYSE:CLR) traded in a range yesterday that spanned from a low of $36.92 to a high of $37.35. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $38.40 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Contl Res Inc/Ok on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $45.10. Since that call, shares of Contl Res Inc/Ok have fallen 14.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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 $37.03, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.8%.

Keywords: rebounders contl res inc/ok

Ticker(s): CLR