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Do Traders Think California Resources Corp (CRC) Can Keep Climbing Wednesday?

Wednesday, February 24, 2021 01:22 PM | InvestorsObserver Analysts
Do Traders Think California Resources Corp (CRC) Can Keep Climbing Wednesday?

The market has been neutral on California Resources Corp (CRC) stock recently. CRC gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,neutral
California Resources Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on CRC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CRC Stock Today?

California Resources Corp (CRC) stock is trading at $27.22 as of 1:15 PM on Wednesday, Feb 24, an increase of $1.23, or 4.73% from the previous closing price of $25.99. The stock has traded between $23.97 and $27.38 so far today. Volume today is high. So far 720,873 shares have traded compared to average volume of 243,696 shares.

To see InvestorsObserver's Sentiment Score for California Resources Corp click here.

More About California Resources Corp

California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.

Click Here to get the full Stock Score Report on California Resources Corp (CRC) Stock.

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