Matador Resources Company (MTDR)

Matador Resources Company is trading at $57.14, up 2.15% on the session. The 50 day average sits at $51.33 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 58.6, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $51.93 with resistance near $54.00, so that band frames the current range. Average daily movement is roughly $1.99, or about 3.5% of the share price, which is what any stop placement has to allow for. The overall health score of 57 out of 100 combines a trend score of 48, momentum of 77 and a risk score of 42.

Matador Resources Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties, as well as sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was incorporated in 2003 and is headquartered in Dallas, Texas.