Stock Report: 3 Month High Price Sitting at 7.65 for Comstock Resources, Inc. (NYSE:CRK)

Investors may be doing a portfolio evaluation as we head into the second half of the calendar year. Assessing results from the first half may help identify what went right, and what went wrong. Many investors may have missed the charge, and they keep hoping for stocks to retreat to go on a buying spree. Gaining a solid grasp on the markets may take years to truly figure out. Combining technical analysis and tracking fundamentals may provide a large boost of confidence to the investor. Being able to sift through the countless chatter may take some perseverance and extreme focus. Creating a winning portfolio might only be a few sharp trades away.  

Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 7.244753 for Comstock Resources, Inc.(NYSE:CRK). The 20 day lower band is noted at 6.8781166. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.

Putting a closer focus on shares of Comstock Resources, Inc.(NYSE:CRK), we see that since the opening price of 7.07, the stock has moved -0.035. Tracking shares, we note that the consensus stock rating is Buy. Volume today clocks in around 2200. Over the course of the current session, the stock has topped out at  7.07 and seen a low price of 7. Investors will be putting 5/13/2019 on the schedule as the company is slated to next report earnings around that date.

Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is -0.32942933. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.

Traders following the Hull Moving Average will note that the current level is 6.9836483. The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.

Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 6.73. The 20 period upper band reading is 7.55. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.

Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings:

SMA 50 day: 7.0954
SMA 30 day: 7.0431666
SMA 200 day: 6.70435
SMA 20 day: 7.11625
SMA 100 day: 6.65955
SMA 10 day7.041

Taking a look at some historical highs and lows for Comstock Resources, Inc. (NYSE:CRK), we see that the all time high is currently 453.05, and the all time low is 2.64. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 12.32, and the low price stands at 4.21. For the last six months, the high was seen at 9.39, and the low was tracked at 4.21. If we move in closer, the three month high/low is 7.65/4.21, and the one month high/low is 7.65/6.43.

Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below:

Ichimoku Lead 1: 7.045
Ichimoku Lead 2: 6.625
Ichimoku Cloud Base Line: 7.02
Ichimoku Cloud Conversion Line: 7.06

One of the most famous sayings in the stock market is “buy low, sell high”. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. They may be hoping to ride the wave higher, but may end up shaking their heads. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. Waiting for a bounce that may never come can cause frustration and plenty of second guessing. Successful investors are typically able to locate stocks that are undervalued at a certain price. This may take a lot of practice and dedication, but it may do wonders for the health of the portfolio.