StockCall Early Morning Insight into Anadarko Petroleum, Suncor Energy, Devon Energy, and Plains Exploration & Production

StockCall Early Morning Insight into Anadarko Petroleum, Suncor Energy, Devon
                 Energy, and Plains Exploration & Production

PR Newswire

LONDON, March 25, 2013

LONDON, March 25, 2013 /PRNewswire/ --

Markets struggled to find direction throughout last week as international
concerns like the Cyprus bailout fiasco kept exerting pressure. The Dow Jones
ended its latest session at 14,512.03, up 0.63 percent while NASDAQ was up
0.70 percent to close Friday at 3,245.00. Similarly, S&P also finished on a
positive note at 1,556.89, up 0.72 percent. Markets are expected to keep up
the mixed trend in the coming week as well. Our research team took a look at
the Basic Material sector, more specifically Independent Oil & Gas which
includes major companies like Anadarko Petroleum Corporation (NYSE: APC),
Suncor Energy Inc. (NYSE: SU), Devon Energy Corp (NYSE: DVN) and Plains
Exploration & Production Company (NYSE: PXP). StockCall has issued technical
analysis and charting reports on APC, SU, DVN, and PXP. Download these free
reports now at

In-line with the upward trend shown by broad market indices, Anadarko
Petroleum Corporation's stock finished 1.28 percent higher at $86.58, with
volume marginally down from daily average of 3.32 million to 3.13 million last
Friday. The stock is up in 2013 with its year-to-date gain at 19.73 percent.
However, the stock currently shows a bullish trend which is further confirmed
by the stock's MACD chart. The company has its first support level at $84.63.
Download the free research on APC today by registering at

Suncor Energy Inc. traded in the range of $30.15 and $30.48 in its latest
trading session. Its volume stood at 2.51 million shares, down from its
average daily volume of 3.93 million. Suncor closed the session at $30.28, up
0.30 percent. The stock is currently trading above its short-term moving
average price of $30.24, showing a bullish trend. In the coming sessions,
Suncor Energy Inc. is expected to go as high as $30.79, while its first
support level is at $29.83. The stock trades at Price/Earnings ratio of 17.40,
which is close to industry average. It has declined 6.17 percent on a YTD
basis. Sign up and have access to our free report on SU at 

Devon Energy Corp closed its Friday's trading session at $57.31, up 0.70
percent from its previous close. The stock shows a neutral trend and currently
sports the Relative Strength Index of 57.80, which further emphasizes on its
neutral position. The company may find support at $56.66. Upon breaching this
level, it may go down to $54.93 level. Devon Energy traded 2.47 million shares
during the session, and the stock oscillated in the range of $56.95 and
$57.60. The stock has lost 20.45 percent of its value in the past 52 weeks,
while its YTD gain stands at 12.04 percent. Sign up and read the complimentary
report on DVN at 

Plains Exploration & Production Company made downward movement with 0.02
percent decline in its latest trading session. The company's stock ended at
$46.74 and its highest price point for the session stood at $47.04, while its
52 weeks high price point is at $48.47. In the past 12 months, the stock has
appreciated 5.29 percent while its YTD gain stands at 1.45 percent. Plains
Exploration & Production Company trades at beta of 1.52, which implies high
volatility. It traded 1.54 million shares during the session, in comparison to
its regular daily volume of 1.71 million shares. The free report on PXP can be
downloaded by signing up now at 

About is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at 


Contact: Contact Person: William T. Knight, Email:, Contact
Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.