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Concho Resources Shares Up 38.0% Since SmarTrend's Buy Recommendation (CXO)

Jan 13, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Concho Resources (NYSE:CXO) on September 6th, 2017 at $115.28. In approximately 4 months, Concho Resources has returned 38.00% as of today's recent price of $159.09.

In the past 52 weeks, shares of Concho Resources have traded between a low of $106.73 and a high of $159.52 and are now at $159.09, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.73% higher over the past week, respectively.

Concho Resources Inc. acquires, develops and explores for oil and natural gas properties in the Permian Basin area of Southeast New Mexico and West Texas.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Concho Resources shares.Log in and add Concho Resources (CXO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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