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Downtrend Call Working As Contl Res Inc/Ok Stock Falls 24.3% (CLR)

By Amy Schwartz

SmarTrend identified a Downtrend for Contl Res Inc/Ok (NYSE:CLR) on July 16th, 2019 at $38.11. In approximately 1 month, Contl Res Inc/Ok has returned 24.28% as of today's recent price of $28.86.

Over the past year, Contl Res Inc/Okhas traded in a range of $28.52 to $71.95 and are now at $28.84. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.8%.

Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2018, its proved reserves were 1,522 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 675 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Contl Res Inc/Ok.

Log in and add Contl Res Inc/Ok (CLR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights contl res inc/ok

Ticker(s): CLR