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Diamondback Energy (FANG-Q) Quote - Press Release

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Look for Shares of Diamondback Ener to Potentially Pullback after Yesterday's 2.61% Rise

Comtex SmarTrend(R) - Tue Aug 13, 12:23PM CDT

Diamondback Ener (NASDAQ:FANG) traded in a range yesterday that spanned from a low of $97.03 to a high of $100.59. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $97.82 on volume of 871,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Diamondback Ener have traded between a low of $85.19 and a high of $140.78 and are now at $99.93, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Diamondback Ener on July 17th, 2019 by issuing a Downtrend alert when the shares were trading at $103.27. Since that call, shares of Diamondback Ener have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

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