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Cimarex Energy C Crosses Above its 10-day MA (XEC)

By Shiri Gupta

Today, shares of Cimarex Energy C (NYSE:XEC) have advanced above their 10-day MA of $15.46 on a volume of 245K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cimarex Energy C share prices have been bracketed by a low of $12.15 and a high of $72.46 and are now at $15.85, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 6.3%.

SmarTrend is monitoring the recent change of momentum in Cimarex Energy C. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cimarex Energy C in search of a potential trend change.

Keywords: moving crosses cimarex energy c

Ticker(s): XEC