Continental Resources (CLR) Shares are Up 1.45%

Continental Resources (CLR) has been under a strong bear grip, hence the stock is down -0.22% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.02% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 2.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Continental Resources (NYSE:CLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.77 and $43.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.69, notching a gain of 0.61% for the day. The total traded volume was 3,179,594 . The stock had closed at $44.42 on the previous day.

The stock has recorded a 20-day Moving Average of 1.08% and the 50-Day Moving Average is 2.75%. Continental Resources, Inc. is up 15.21% in the last 3-month period. Year-to-Date the stock performance stands at 94.47%.

Continental Resources (CLR) stock is expected to deviate a maximum of $10.95 from the average target price of $46.71 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $66 and the most muted being $30.


Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.

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