Technical Briefing: Denbury Resources Inc., WPX Energy Inc., Cobalt International Energy Inc., and Continental Resources Inc.
Technical Briefing: Denbury Resources Inc., WPX Energy Inc., Cobalt International Energy Inc., and Continental Resources Inc. Editor Note: For more information about this release, please scroll to bottom. PR Newswire 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: http://www.aaaresearchreports.com/register/ 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: http://www.AAAResearchReports.com/DNR091913.pdf 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: http://www.AAAResearchReports.com/WPX091913.pdf 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: http://www.AAAResearchReports.com/CIE091913.pdf 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: http://www.AAAResearchReports.com/CLR091913.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 Ananya Ghosh, a CFA charterholder. 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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