Cimarex Energy Co (NYSE:XEC) Went Up 2.3%, And Here’s Why

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In its latest trading session, Cimarex Energy Co (NYSE:XEC) spiked up by 2.3% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.017, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.043, an Accumulation/Distribution Index (ADI) of 1.043, an On-Balance Volume (OBV) of 628.339, and a Chaiikin Money Flow (CMF) of -52.22. 4.625

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Cimarex Energy Co (NYSE:XEC). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.