Technical Scrutiny: Forest Oil Corp., Quicksilver Resources Inc., EXCO
Resources Inc., and Canadian Natural Resources Ltd
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LONDON, September 30, 2013
LONDON, September 30, 2013 /PRNewswire/ --
OnFriday, September 27, 2013, all three benchmark indexes of the US equity
market closed lower, with the Dow Jones Industrial Average, the S&P 500, and
the NASDAQ Composite falling by 0.46%, 0.41%, and 0.15%, respectively. Shares
in the independent oil and gas industry ended mostly lower, as the broader
market declined. The major movers included Forest Oil Corporation (NYSE: FST),
Quicksilver Resources Inc. (NYSE: KWK), EXCO Resources Inc. (NYSE: XCO), and
Canadian Natural Resources Ltd. (NYSE MKT: CNQ). AAAResearchReports.com has
tracked FST, KWK, XCO, and CNQ. These reports can be seen for free at:
On Friday, Forest Oil Corp.'s stock ended the session 1.43% lower than the
previous day's price of $6.30. The company's shares oscillated between $6.14
and $6.34 before closing the day at $6.21. A total of 2.37 million shares were
traded, which is below the daily average volume of 3.89 million. Despite
Friday's losses, the company's shares have surged 51.83% in the previous three
months and 13.74% in the last one month, outperforming the S&P 500 which has
gained 5.32% and 3.60% during the respective periods. Additionally, Forest Oil
Corp.'s stock is trading above its 50-day and 200-day moving averages of $5.55
and $5.49, respectively. Download free research on FST by signing up now at:
Quicksilver Resources Inc.'s stock rose 0.52% on Friday, extending the gains
from the previous trading session. The company's shares closed the day at
$1.93 after oscillating between $1.90 and $1.98. A total of 1.13 million
shares were traded, which is below the daily average volume of 2.75 million.
The company's shares have gained 14.88% in the previous three months and
16.27% in the last one month, compared to a gain of 5.32% and 3.60% in the S&P
500 during the respective periods. Moreover, Quicksilver Resources Inc.'s
stock is trading above its 50-day moving average of $1.69. Register for
today's free analysis on KWK at:
Shares in EXCO Resources Inc. fell sharply on Friday, tracking losses in the
broader market. The company's shares closed the day 1.16% lower at $6.80 after
trading between $6.75 and $6.89. A total of 2.92 million shares were traded,
which is above the daily average volume of 2.73 million. The company's shares
have declined by 3.13% in the previous three trading sessions, compared to a
loss of 0.33% in the S&P 500 during the same period. Further, EXCO Resources
Inc.'s stock is trading below its 50-day and 200-day moving averages of $7.63
and $7.40, respectively. A free report on XCO can be accessed by registering
Canadian Natural Resources Ltd's stock edged lower on Friday, as the U.S.
equity market ended on negative note. The company's shares vacillated between
$31.37 and $31.74 before finishing the day 0.47% lower at $31.48. A total of
0.95 million shares were traded, which is below the daily average volume of
2.07 million. The company's shares have gained 11.39% in the previous three
months and 0.90% in the last three trading sessions, compared to a gain of
5.32% and a loss of 0.33% in the S&P 500 during the respective periods.
Additionally, Canadian Natural Resources Ltd's stock is trading above its
50-day and 200-day moving averages of $31.14 and $30.35, respectively.
Register with AAA Research Reports and download research on CNQ for free at:
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