Pre-Market Analysis on Newfield Exploration, Cabot Oil & Gas, Penn Virginia, and Linn Co.
Pre-Market Analysis on Newfield Exploration, Cabot Oil & Gas, Penn Virginia, and Linn Co. PR Newswire LONDON, March 27, 2013 LONDON, March 27, 2013 /PRNewswire/ -- Markets buoyed on the positive report about housing data and Fed policies, but fears about a Cyprus meltdown still looms. Overall market sentiments remained bullish as energy stocks also surged. Our research team took a look at Basic Material sector including major companies in the Independent Oil & Gas industry like Newfield Exploration Co. (NYSE: NFX), Cabot Oil & Gas Corporation (NYSE: COG), Penn Virginia Corporation (NYSE: PVA) and LinnCo LLC (NASDAQ: LNCO). StockCall has posted free technical research on NFX, COG, PVA, and LNCO which can be downloaded upon sign up at http://www.stockcall.com/signup Newfield Exploration Co. closed its latest trading session at $22.64, up 0.40 percent from its previous close. The stock traded in the range of $22.51 and $22.89 in Tuesday's session with volume of 1.65 million. It is likely to face its first resistance level at $22.85 and upon breaching this level the stock may go up to $22.90. On the downside, Newfield Exploration may tumble to $22.35 level. The stock is highly volatile as it sports the beta of 1.46. So far in 2013, it declined 36.76 percent whereas in the past 52 weeks, it lost 12.21 percent of its value. The stock is in a bullish mode. Sign up and read the complimentary report on NFX at http://www.StockCall.com/NFX032713.pdf Cabot Oil & Gas Corporation's stock is up 38.75 percent on a YTD basis, thanks to its 0.49 percent gain in the previous trading session. The stock closed at $67.75 after trading in the range of $66.76 and $68.21 on Monday. It shows a bullish streak and may touch $67.90 level. Its second resistance level is at $71.10. The stock traded 1.67 million shares during yesterday's session, down from its average trading volume of 2.45 million. Cabot Oil & Gas gained 108.33 percent in the past 52 weeks and has kept up the momentum so far in 2013. It is currently trading above its short-term moving average price of $65.26. The free report on COG can be downloaded by signing up now at http://www.StockCall.com/COG032713.pdf Penn Virginia Corporation's stock trimmed its YTD losses with 0.48 percent gain in Tuesday's trading session. The stock traded in the range of $4.07 and $4.21 and closed at $4.15 yesterday. However, it traded higher than average number of shares at 1.89 million. The stock is in a bullish mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $4.39 and it may test the support level of $4.05 in the next sessions. Free report on PVA can be accessed by registering at http://www.StockCall.com/PVA032713.pdf LinnCo LLC closed yesterday's trading session at $38.86, up 1.09 percent from its previous close. The stock shows a bullish trend and may touch $39.05 in the coming sessions. On the downside, it may find support at $38.21. Upon breaching this level, it may go down to $38.05 level. LinnCo traded 524,508 shares during yesterday's session, and the stock oscillated in the range of $38.48 and $38.88. It has appreciated 1.57 percent in the past 52 weeks while its YTD gains stand at 8 percent. Register with StockCall and download the research on LNCO for free at http://www.StockCall.com/LNCO032713.pdf About StockCall.com StockCall.com 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 http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person:William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)