Chart Of The Day - Continental Resources (CLR)

The "Chart of the Day" is "Continental Resources (CLR). I found the stock by scanning the Barchart "All Time High" list for the best technical indicators and then used the Flipchart function to review the charts. Continental Resources has rallied fairly steadily over the past month to post a new all-time high. Barchart's TrendSpotter has been long CLR for the past two months with an entry point of 111.98.

 

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Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy
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