CONTINENTAL RESOURCES INC
(CLR-NYSE):
Technical Viewpoint: From a low
of $24.44 on Mar 24, 2008 prices
rallied, reaching a
high of $44.58
on Apr 16, 2008. A
decline saw prices pull back, reaching a
low of
$38.61 on Apr 17, 2008.
Another rally saw prices penetrate
resistance, closing 4/25/08
at $45.05. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 1, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $41.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 18, 2008. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CONTINENTAL RESOURCES INC
(CLR-NYSE) @ $45.38 Stop: Use a protective stop of $43.38.
CONTINENTAL RESOURCES INC is currently trading @ $45.05 plus $2.96 on Apr 25, 2008. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $12.12. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.50
Risk/Reward:
$2.00 VS. $12.12
Risk/Reward Ratio:
6:1
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