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Shares of CRK Down 23.5% Since Downtrend Call on Shares
Feb 28, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Comstock Resources (NYSE:CRK) on October 25th, 2012 at $18.12. In approximately 4 months, Comstock Resources has returned 23.46% as of today's recent price of $13.87.
In the past 52 weeks, shares of Comstock Resources have traded between a low of $12.56 and a high of $21.16 and are now at $13.87, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.
Comstock Resources, Inc., an independent exploration and production company, acquires, develops, produces, and explores oil and natural gas properties. The Company's oil and natural gas reserves are located in the Gulf of Mexico, Texas, and Louisiana.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Comstock Resources.
Log in and add Comstock Resources (CRK) 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
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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
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