Technical Briefing on Chesapeake Energy, Southwestern Energy, Talisman Energy, Noble Energy, and McMoRan Exploration

Technical Briefing on Chesapeake Energy, Southwestern Energy, Talisman Energy,
                    Noble Energy, and McMoRan Exploration

PR Newswire

LONDON, March 20, 2013

LONDON, March 20, 2013 /PRNewswire/ --

Markets remained jittery following Cyprus's refusal to go ahead with bank tax
measures. However, Fed is expected to keep up its bond-buying spree, providing
a little relief to the markets. Oil and gas stocks followed the market-wide
trend and remained in the red zone. We took a look at Basic Materials sector,
more precisely the Independent Oil & Gas industry which includes leading
companies like Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co.
(NYSE: SWN), Talisman Energy Inc. (NYSE: TLM), Noble Energy Inc. (NYSE: NBL)
and McMoran Exploration Co. (NYSE: MMR). StockCall has posted free technical
research reports on CHK, SWN, TLM, NBL, and MMR and these can be accessed by
signing up at

http://www.stockcall.com/analysis

Shares of Chesapeake Energy Corporation ended its previous trading session
lower at $21.04, down 5.10 percent. It traded 20.53 million shares during
yesterday's session. The stock is up more than 27 percent this year,
outperforming the broad market. The stock has slipped from $21.95 resistance
level. It has support at around $20.89 at the moment. Despite its downward
movement, Chesapeake Energy is still trading above its 20-day and 50-day
moving averages of $20.66 and $19.65. Download the free report on CHK upon
registration at

http://www.StockCall.com/CHK032013.pdf

Southwestern Energy Company's stock is in a bullish mode and is trading above
its 20-day SMA of $38.32. It ended its latest trading session 0.59 percent
lower at $38.44, and the stock oscillated in the range of $37.92 and $38.80
during yesterday's session. The stock trades at Forward Price/Earnings ratio
of 20.02, in-line with the industry average. The company's is expected to face
its first resistance level at $38.28. Upon breaching this level, the stock may
touch $38.49. SWN technical report can be accessed for free by signing up at

http://www.StockCall.com/SWN032013.pdf

Talisman Energy Inc.'s stock closed flat at $12.02. The stock traded in the
range of $11.83 and $12.10 during Tuesday's session and is currently above it
20-day moving average price of $11.99. It traded 4.40 million shares, in
comparison to its regular trading volume of 5.94 million. Talisman Energy
gained 8.88 percent this year. The stock is in a bullish phase and its first
resistance level is at $12.22. On the downside, its first support is at
$11.97. Upon breaching this level, its second support level is at 11.79. Free
report on TLM can be accessed by registering at

http://www.StockCall.com/TLM032013.pdf

Despite a downward movement in its previous trading session, Noble Energy Inc.
is still up 15.51 percent for the year. It has gained 14.61 percent in the
past 52 weeks. The stock closed 1.21 percent lower at $114.25 on volume of
799,996 shares on Tuesday. Its average trading volume stands at 1.10 million
shares. Noble Energy's shares currently face resistance at around $114.66. The
stock has support at around $112.41. It is currently trading above its 20-day
and 50-day moving average price of $111.95 and $110.10 respectively. Register
with StockCall and download the research on NBL for free at

http://www.StockCall.com/NBL032013.pdf

McMoran Exploration Co. traded in the range of $16.10 and $16.23 in
yesterday's trading session and ended the day at $16.16, down 0.06 percent.
The stock's 52 weeks range stands at $7.25 and $16.30. McMoran has gained 20.6
percent of its value in the past 12 months, while it gained 2.6 percent this
calendar year. The company's is in a bullish mode and may find its first
support level at $16.05. Read the full free research on MMR by signing up to
StockCall at

http://www.StockCall.com/MMR032013.pdf

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SOURCE StockCall.com

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