Continental Resources hits fresh record highs - Analysis - 15-06-2022

Economies.com
2022-06-15 11:49AM UTC

Continental Resource's stock (CLR) surged 15.7% in the last session, or 9.72 points, settling at 74.22, with trading volumes surpassing 9.6 million shares, above 10-day averages of 2.3 million shares, after receiving an acquisition offer for $70 per share. 

 

The main upward trend dominates in the medium term, with positive pressure from the 50-day SMA, despite ongoing negative signals from the RSI after reaching overbought levels. 

 

Advertistment

Therefore we expect more gains for the stock, targeting the resistance of 80.00, provided it settles above 70.00.

 

Trade US Stocks with 1:50 leverage

Expected trend for today: Bullish

Stocks Technical Analysis

United States Analysis

Stocks

KOHL's rises alongside downward trend line - Analysis - 04-12-2023
2023-12-04 11:51AM UTC
KOHL's Corporation's stock (KSS) rose in the intraday levels , while holding ground above the ...
United States Analysis

Stocks

Novavax closes cautiously higher - Analysis - 04-12-2023
2023-12-04 11:50AM UTC
Novavax's stock (NVAX) rose in the intraday levels, with positive signals from the RSI, amid the ...
United States Analysis

Stocks

Rivian touches SMA resistance - Analysis - 04-12-2023
2023-12-04 11:50AM UTC
Rivian Automotive's stock (RIVN) rose in the intraday levels, touching the resistance of the 50-day ...