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Carrizo Oil&Gas Falls 1.24% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Carrizo Oil&Gas (NASDAQ:CRZO) traded in a range yesterday that spanned from a low of $6.32 to a high of $6.49. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $6.64 on volume of 653,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Carrizo Oil&Gashas traded in a range of $6.32 to $18.20 and are now at $6.36. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Carrizo Oil&Gas and will alert subscribers who have CRZO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders carrizo oil&gas

Ticker(s): CRZO