Cimarex Energy $XEC Technical Update – Stock Traders Daily

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Cimarex Energy $XEC Technical Update

The Cimarex Energy (NYSE: XEC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for XEC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Strong Neutral
P1 92.95 75.11 71.65
P2 95.11 86.75 86.95
P3 96.70 98.51 102.29

Long Term Trading Plans for XEC

October 3, 2018, 4:15 pm ET

The Technical Summary and Trading Plans for XEC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XEC Report.

XEC – (Long) Support Plan

Buy over 86.95 target 102.29 stop loss @ 86.69.
The technical summary data tells us to buy XEC near 86.95 with an upside target of 102.29. This data also tells us to set a stop loss @ 86.69 to protect against excessive loss in case the stock begins to move against the trade. 86.95 is the first level of support below 97.55 , and by rule, any test of support is a buy signal. In this case, support 86.95 is being tested, a buy signal would exist.

XEC – (Short) Resistance Plan

Short under 102.29 target 86.95 stop loss @ 102.55
The technical summary data is suggesting a short of XEC as it gets near 102.29 with a downside target of 86.95. We should have a stop loss in place at 102.55 though. 102.29 is the first level of resistance above 97.55, and by rule, any test of resistance is a short signal. In this case, if resistance 102.29 is being tested, a short signal would exist.

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