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TMCNet:  Canadian Natural Resources Has Returned 10.0% Since SmarTrend Recommendation (CNQ)

[December 06, 2012]

Canadian Natural Resources Has Returned 10.0% Since SmarTrend Recommendation (CNQ)

Dec 06, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Canadian Natural Resources (NYSE:CNQ) on September 26th, 2012 at $31.20. In approximately 2 months, Canadian Natural Resources has returned 9.97% as of today's recent price of $28.09.


In the past 52 weeks, shares of Canadian Natural Resources have traded between a low of $25.01 and a high of $41.38 and are now at $28.01, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Canadian Natural Resources Ltd. acquires, explores for, develops, and produces natural gas, crude oil, and related products. The Company operates in the Canadian provinces of Alberta, northeastern British Columbia and Saskatchewan. Canadian Natural also operates in areas which have access for exploration activities and where pipeline systems already exist.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Canadian Natural Resources.

Log in and add Canadian Natural Resources (CNQ) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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