Shares of Magnum Hunter Resources Corporation (NYSE:
MHR) saw a huge rally in trading on Tuesday after the Houston, Texas-based
company raised its production guidance for 2011 and 2012 due to higher
production levels being experienced from new well completions.
Magnum Hunter shares ended more than 17% higher on
Tuesday on above average volume. The rally pushed Magnum Hunter shares above
their 50-day moving average.
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