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TMCNet:  SandRidge Energy Trading Lower on Heavy Volume, Inline With Overall Trend (SD)

[November 09, 2012]

SandRidge Energy Trading Lower on Heavy Volume, Inline With Overall Trend (SD)

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of SandRidge Energy are trading today in above average volume, with the share price falling 7.5% to $5.64. About 36.6 million shares have been traded today, as compared to the 30-day average volume of 10.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of SandRidge Energy on October 24th, 2012 by issuing a Downtrend alert when the shares were trading at $6.59. Since that call, shares of SandRidge Energy have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

SandRidge Energy share prices have moved between a 52-week high of $9.04 and the current low of $4.81 and are currently at $5.62 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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