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California Resources Corp. started with a huge gap between $ 1.19 and $ 13.31. on October 28th on the New York Stock Exchange. The price then rose further to $ 19.95 and made a high at this level. After that, the stock only knew the way down and fell to a low of $ 10.99 by November 6.
From here an upward movement started. It was quite dynamic and led to a new high being formed on December 4th at the level of 27.89 US dollars. It has not been reached since then, as the value has gone into a consolidation and fell to the low on December 14th to 18.31 US dollars.
Should Investors Sell Right Now? Or is it worth joining California?
It is now important for the bulls to end this correction and initiate a new rise. The first steps in this direction have already been taken in the past two trading days, as the lows could be left and a slight upward movement started.
If it continues today and in the days ahead, California Resources stock has an opportunity to retreat above its October 28 high of $ 19.95 to its December 4th high of $ 27.89 to advance. If the move fails, however, a rollback to the December 14 low at $ 18.31 and the 50-day average at $ 14.63 should be expected.
Buy, Hold or Sell California?
How will California develop now? Is your money safe in this stock? Find out the answers to these questions and why you need to act now in the latest analysis on California stocks.
California: Buy or Sell? Read more here …
