CLR’s innovation outlook is neutral based on a current score of 29 out of 99, underperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. CLR is an Average Performer in terms of sustainability. It is most exposed to Enable Midstream Partners, LP as its supplier. Over the past 4 quarters CLR beat earnings...
hey guys... Its Rifat here.. whats going on... It seems like there have potential bull run up here..
BuyZone- $62.55 (Market price as i am writing)
Target- $70-$75
Sl- daily close below $58.50 area or wait for my confirmation.
best of luck
1.)MACD zero crossing
2.)Price action breakout
3.) RSI break
Volume is missing however. This is one of the most important characteristics of a break out in my opinion and it is missing here.
If volume was present I was say that this is a high probability trade. I will not consider entering until volume steps in.
Today's candle doesn't look to strong....
With Oil likely to be topping soon, O&G exploration is one industry to look out for potential trades.
CLR: Since its low in 2016, CLR has completed a 3 wave set back and topping around the 60 zone.
Prices are likely to be in the early stages of the reversal and in a 1-2, 1-2 wave sequence.
Fibonacci: Prices has reversed around the 61.8% retracement
Momentum: RSI...
Recent break above 200 day moving average on the 5 year weekly chart signals a good entry point. I'd look for an entry around the $50 range with a stop around $40, but more conservatively you could look at a stop in the mid 30's. Already has been in a YTD upward trend and may only be getting started.
Seeing similar reversal signs on a couple of other oil stocks. Here's one that looks particularly appealing to me.
Currently trading above the 200 day SMA and above the 50 week SMA. First level I'll be watching is 38-- area resistance
Waiting for WTI to show a continuation before placing a trade
Pinned between two prior earnings and building a sideways triangle, I am expecting to see some directional opportunity in the near term. No trade setup for now, this chart represents a structural outline for potential future events.
Analysis on chart.. looking for B completion in wave 4 zone (65.30-69), will be able to get more precise target as data unfolds.. Plan on shorting C wave
Continental Resources, Inc. is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma. The East region is consists of undeveloped leasehold acreage east of the Mississippi River with no drilling or production operations. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 519 MMBoe. As of December 31, 2016, its average daily production from South region properties was 91,088 barrels of oil equivalent (Boe) per day.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
CLR
