- CXO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $149.7 million.
- CXO has traded 1.1 million shares today.
- CXO is trading at 1.66 times the normal volume for the stock at this time of day.
- CXO crossed below its 200-day simple moving average.
'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in CXO with the Ticky from Trade-Ideas. See the FREE profile for CXO NOW at Trade-Ideas More details on CXO: Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the Unites States. The company's principal operating areas are located in the Permian Basin region of southeast New Mexico and West Texas. CXO has a PE ratio of 56.4. Currently there are 15 analysts that rate Concho Resources a buy, no analysts rate it a sell, and 6 rate it a hold.