Oil and Gas Exploration and Production Stocks Technical Momentum -- Research on Chesapeake Energy, Penn Virginia, Denbury Resources, and WPX Energy Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 1, 2014 /PRNewswire/ --
On Monday, June 30, 2014, the NASDAQ Composite ended at 4,408.18, up 0.23%, the Dow Jones Industrial Average finished the day 0.15% lower at 16,826.60, and the S&P 500 closed at 1,960.23, down 0.04%. During the session five out of ten sectors ended in negative. The S&P 500 Energy Sector Index ended the day at 727.63, up 0.02%, and the index has advanced 4.93% in the last one month. Investor-Edge has initiated coverage on the following equities: Chesapeake Energy Corp. (NYSE: CHK), Penn Virginia Corp. (NYSE: PVA), Denbury Resources Inc. (NYSE: DNR) and WPX Energy Inc. (NYSE: WPX). Free technical research on CHK, PVA, DNR and WPX can be downloaded upon signing up at:
On Monday, Chesapeake Energy Corp.'s stock recorded a trading volume of 8.13 million shares, lower than its three months average volume of 8.71 million shares. The stock finished the day at $31.08, up 2.24%, and registered an intraday range of $30.37 and $31.10. Chesapeake Energy Corp.'s shares have surged 8.22% in the last one month and 21.31% in the previous three months. Also, the stock has gained 14.52% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $29.30 is above its 200-day moving average of $27.09. Additionally, shares of the company traded at a PE ratio of 17.66 and have a Relative Strength Index (RSI) of 55.15. Sign up today to read free research on CHK at:
Penn Virginia Corp.'s stock gained 1.44%, to close Monday's session at $16.95, after oscillating between $16.51 and $17.28. The stock recorded a trading volume of 3.73 million shares, above its three months average volume of 3.25 million shares. Over the past three trading sessions and last one month, Penn Virginia Corp.'s shares have advanced 2.11% and 11.66%, respectively. Also, from the beginning of 2014, the company's stock has rallied 79.75%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $15.71 is above its 200-day moving average of $12.29. Further, the company's stock has an RSI of 60.08. Sign up today to read free research on PVA at:
On Monday, Denbury Resources Inc.'s stock finished the session 0.22% lower at $18.46. A total of 2.91 million shares were traded, which was below its three months average volume of 3.87 million shares. The stock moved between $18.36 and $18.52 during the session. Over the last one month and past three months, Denbury Resources Inc.'s shares have surged 9.30% and 12.56%, respectively. Also, the stock has gone up 12.36% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $17.27 is greater than its 200-day moving average of $17.09. Denbury Resources Inc.'s stock traded at a PE ratio of 13.57 and has an RSI of 71.85. Sign up today to read free research on DNR at:
Shares in WPX Energy Inc. fluctuated between $23.03 and $23.92 before ending Monday's session up 3.60%, at $23.91. The company's stock reported a trading volume of 2.54 million shares, below its three months average volume of 3.17 million shares. Further, shares of WPX Energy Inc. have advanced 3.33% over the past three trading sessions and 12.89% over the last one month. Also, the stock has rallied 17.32% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $21.74 is greater than its 200-day moving average of $19.85. Moreover, shares of the company have an RSI of 59.83. Sign up today to read free research on WPX at:
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