California Resources Corporation (CRC) Shares are Up 2.88%

California Resources Corporation (CRC) : Traders are bullish on California Resources Corporation (CRC) as it has outperformed the S&P 500 by a wide margin of 10.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.88% in the last 1 week, and is up 11.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

California Resources Corporation has dropped 18.22% during the last 3-month period . Year-to-Date the stock performance stands at -44.89%. The stock has recorded a 20-day Moving Average of 15.14% and the 50-Day Moving Average is 2.78%.


California Resources Corporation (NYSE:CRC): The stock opened at $13.37 on Friday but the bulls could not build on the opening and the stock topped out at $13.39 for the day. The stock traded down to $12.65 during the day, due to lack of any buying support eventually closed down at $12.84 with a loss of -5.24% for the day. The stock had closed at $13.55 on the previous day. The total traded volume was 2,223,357 shares.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the states four oil and gas basins. The Companys four oil and gas basins include San Joaquin Basin, Los Angeles Basin, Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1,048 development wells with approximately 847 wells in the San Joaquin basin, approximately 177 in the Los Angeles basin, approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin, approximately 4 in the Ventura basin and 1 in the Sacramento basin.

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