Technical Briefing: Denbury Resources Inc., WPX Energy Inc., Cobalt
International Energy Inc., and Continental Resources Inc.
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LONDON, September 19, 2013
LONDON, September 19, 2013 /PRNewswire/ --
On Wednesday, September 18, 2013, the U.S. equity market edged higher with the
S&P 500, the Dow Jones Industrial Average and the NASDAQ Composite gaining
1.22%, 0.95% and 1.01%, respectively. Shares of companies in the independent
oil and gas industry ended on a higher note as the broader market edged
higher. The major movers included Denbury Resources Inc. (NYSE: DNR), WPX
Energy Inc. (NYSE: WPX), Cobalt International Energy Inc. (NYSE: CIE), and
Continental Resources Inc. (NYSE: CLR). All these companies are tracked by
AAAResearchReports.com. Free technical research reports on DNR, WPX, CIE, and
CLR can be accessed by signing up at:
On Wednesday, Denbury Resources Inc.'s stock advanced to close at $17.82, up
0.73% from the previous day's closing price of $17.69. The company's shares
oscillated between $17.46 and $17.94 during the trading session. A total of
3.98 million shares were traded, which is below the daily average volume of
4.60 million. The company's shares are up 3.42% in the previous one month,
compared to a gain of 4.21% in the S&P 500 during the same period.
Additionally, Denbury Resources Inc.'s stock is trading above its 50-day and
200-day moving averages of $17.57 and $17.69, respectively. Download free
report on DNR upon registration at:
Shares in WPX Energy Inc. advanced 0.41% on Wednesday, reversing most of the
losses from the previous trading session. The company's shares fluctuated
between $19.24 and $19.81 before finishing the day at $19.69. A total of 1.29
million shares were traded, which is below the daily average volume of 2.01
million. The company's shares have gained 3.80% in the previous one month,
underperforming the S&P 500 which has gained 4.21% during the same period.
Moreover, the company's stock is trading above its 50-day and 200-day moving
averages of $19.27 and $17.21, respectively. WPX technical report can be
accessed for free by signing up at:
Cobalt International Energy Inc.'s shares edged higher on Wednesday, tracking
gains in the broader market. The company's shares closed at $25.96, up 0.93%,
after oscillating between $25.42 and $26.12. A total of 1.89 million shares
were traded, which is below the daily average volume of 2.67 million. The
company's shares have lost 0.46% in the last three trading sessions,
underperforming the S&P 500 which has gained 2.22% during the same period.
Further, Cobalt International Energy Inc.'s stock is trading below its 50-day
and 200-day moving averages of $27.19 and $26.45, respectively. A free report
on CIE can be accessed by registering at:
Shares in Continental Resources Inc. rose sharply on Wednesday, extending the
gains from previous trading session. The company's shares vacillated between
$100.56 and $103.47 before finishing the day 1.97% higher at $103.26. A total
of 0.74 million shares were traded, which is below the daily average volume of
1.00 million. Continental Resources Inc.'s shares have surged 11.54% in the
last one month and 16.49% in the previous three months, outperforming the S&P
500 which has advanced 4.21% and 4.46% during the respective periods.
Furthermore, the company's stock is trading near its 52-week high of $103.78
as well as above its 50-day and 200-day moving averages of $94.86 and $85.49,
respectively. Register with AAA Research Reports and download research on CLR
for free at:
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