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Watch for Matador Resource to Potentially Rebound After Falling 3.58% Yesterday

By James Quinn

Matador Resource (NYSE:MTDR) traded in a range yesterday that spanned from a low of $14.00 to a high of $14.75. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $14.44 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Matador Resource and will alert subscribers who have MTDR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Matador Resource share prices have been bracketed by a low of $13.42 and a high of $34.09 and are now at $14.22, 6% 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 declined 0.6%.

Keywords: rebounders matador resource

Ticker(s): MTDR