Continental Resources could reach its USD 113.12 resistance.

The company has really good fundamentals. The high valuation shows a great investors confidence in it. This high price is confirmed by the upward revision of EPS estimation and let show a potential on the share.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. A pullback on the bullish trend is profitable to buy the share in order to reach the USD 113.1 resistance.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 113.12 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the 20-day moving average to avoid a downtrend.