Technical Study: Apache, Ultra Petroleum, Range Resources, and Endeavour Intl.
Technical Study: Apache, Ultra Petroleum, Range Resources, and Endeavour Intl. Editor Note: For more information about this release, please scroll to bottom PR Newswire LONDON, June 21, 2013 LONDON, June 21, 2013 /PRNewswire/ -- On Thursday, June 20, 2013, shares in U.S. independent oil and gas companies fell sharply, tracking losses in the broader market. The major movers included Apache Corporation (NYSE: APA), Ultra Petroleum Corp. (NYSE: UPL), Range Resources Corp. (NYSE: RRC), and Endeavour International Corporation (NYSE: END). AAAResearchReports.com free coverage on APA, UPL, RRC, and END is available upon registration at http://www.aaaresearchreports.com/register/ Shares in Apache Corporation fell on Thursday, tracking losses in the broader market. The company's shares ended the day 1.89% lower at $84.93 after trading between $84.20 and $85.85. A total of 4.89 million shares were traded during the session, which is above the daily average volume of 3.98 million. Apache's shares have gained 12.68% in the last three months, hence outperforming the S&P 500. Additionally, the stock's 52-week high is at $94.87. The company's shares are currently trading above their 50-day and 200-day moving averages. Download free technical research on APA by signing up at: http://www.AAAResearchReports.com/APA062113.pdf Ultra Petroleum Corp.'s stock was one of the worst performers in the oil and gas sector yesterday. The company's shares traded between $20.44 and $21.45 before closing the day at $20.55, down 5.43%, on a trading volume of 3.12 million shares. Yesterday's volume was slightly above the daily average volume of 3.10 million. Ultra Petroleum's shares are still up more than 1.50% in the last three months, despite the sharp decline in Thursday's session. Additionally, the stock slipped below its 50-day moving average as a result of Thursday's sell-off. Register now and get access to free analysis on UPL at: http://www.AAAResearchReports.com/UPL062113.pdf Shares in Range Resources Corp. experienced a sharp decline on Thursday, reversing some of their gains for the week. The company's shares hit an intraday low of $75.99 before closing the day 2.17% lower at $77.52. A total of 2.40 million shares were traded during the session, which is above the daily average volume of 1.36 million. However, despite the decline, Range Resources' shares are up over 5.60% for the week. Moreover, the stock is trading below its 50-day average but is still above its 200-day moving average. Sign up and read our complimentary report on RRC at: http://www.AAAResearchReports.com/RRC062113.pdf Endeavour International Corporation's stock plunged yesterday as the broader market saw a sell-off. The company's shares traded between $3.36 and $3.60 before finishing the day 7.38% lower at $3.39. A total of 423,064 shares were exchanged, which is below the daily average volume of 550,926. Endeavour's shares are still up by 0.59% in the last three trading sessions, despite Thursday's pullback. The free report on END can be downloaded by signing up now at: http://www.AAAResearchReports.com/END062113.pdf ---- EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. 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