Comstock Resources (CRK) Shares are Up 39.77%

Comstock Resources (CRK) : Traders are bullish on Comstock Resources (CRK) as it has outperformed the S&P 500 by a wide margin of 56.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 39.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 39.77% in the last 1 week, and is up 57.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Comstock Resources Inc. is up 89.23% in the last 3-month period. Year-to-Date the stock performance stands at -34.22%. The stock has recorded a 20-day Moving Average of 46.88% and the 50-Day Moving Average is 43.56%.


Comstock Resources (NYSE:CRK): The stock opened at $6.50 on Friday but the bulls could not build on the opening and the stock topped out at $6.52 for the day. The stock traded down to $6.06 during the day, due to lack of any buying support eventually closed down at $6.15 with a loss of -5.67% for the day. The stock had closed at $6.52 on the previous day. The total traded volume was 527,245 shares.

Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Companys oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Companys properties in the East Texas/North Louisiana region include approximately 81,294 acres in the Haynesville or Bossier shale formations. The Companys Eagleville field includes approximately 31,459 acres located in the oil window of the Eagle Ford shale in South Texas. The Company also has approximately 35,322 acres in the oil window of the Eagle Ford shale in or near Burleson County, Texas. It has approximately 91,208 acres in Mississippi and Louisiana. The Company owns interests in around 1,596 producing oil and natural gas wells and operates 962 of these wells.

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