Technical Coverage on Integrated Oil and Gas Stocks -- BP PLC, Chevron, Statoil, YPF S.A., and Petroleo Brasileiro Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 29, 2014 /PRNewswire/ --
On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average finished the day 0.25% lower at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based with seven out of ten sectors ending the session in negative. The S&P 500 Energy Sector Index ended the day at 712.27, down 0.05%, whereas the index has advanced 3.34% in the previous three months. Investor-Edge has initiated coverage on the following equities: BP PLC (NYSE: BP), Chevron Corporation (NYSE: CVX), Statoil ASA (NYSE: STO), YPF S.A. (NYSE: YPF), and Petroleo Brasileiro S.A. (NYSE: PBR). Free research on these five companies can be accessed at:
On Thursday, shares in BP PLC fluctuated between $47.82 and $48.20 before ending the session 0.91% lower at $47.92. The stock reported a trading volume of 5.07 million shares, above its three months average volume of 3.84 million shares. BP PLC's shares have fallen by 1.30% in the previous three trading sessions, 5.37% in the last one month, and 1.42% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $50.35 and $49.01, respectively. Moreover, shares of BP PLChave a Relative Strength Index (RSI) of 44.70. Sign up and read the free notes on BP at:
Chevron Corp.'s stock edged 0.09% higher, to close the day at $128.75. The stock recorded a trading volume of 2.40 million shares, below its three months average volume of 5.16 million shares. The company's shares oscillated between $128.25 and $128.90 during the session. Over the last three trading sessions and over the past three months, Chevron Corp.'s shares have advanced 0.71% and 5.08%, respectively. However, the stock has fallen by 3.37% in the past one month. The company's stock is trading above its 200-day moving average of $122.55, while the 200-day moving average is below Chevron Corp.'s 50-day moving average of $129.71. Additionally, Chevron Corp. traded at a PE ratio of 12.29 and has an RSI of 52.05. The complimentary notes on CVX can be downloaded as in PDF format at:
On Thursday, shares in Statoil ASA recorded a trading volume of 0.91 million shares, lower than its three months average volume of 1.36 million shares. The stock ended the day at $28.46, which was 0.66% below its previous day's closing of $28.65, and registered an intraday range of $28.41 and $28.60. Although Statoil ASA's stock has gained 17.94% on YTD basis, it has lost 2.60% in the last one month and 7.15% in the previous three months. The company's stock is trading above its 200-day moving average of $27.40, which is below the 50-day moving average of $29.72. Furthermore, shares of Statoil ASAhave an RSI of 47.06. Register for free on Investor-Edge and access the latest research on STO at:
YPF S.A.'s stock lost 0.81% to end Thursday's session at $33.04. The stock recorded a trading volume of 0.74 million shares, much below its three months average volume of 2.54 million shares. The company's shares fluctuated between $33.00 and $33.97 during the session. YPF S.A.'s shares have lost 4.40% in the last one month. However, the stock has advanced 0.30% over the previous three trading sessions and 13.62% in the past three months. The company's stock is trading above its 200-day moving average. YPF S.A.'s 50-day moving average of $34.48 is above its 200-day moving average of $30.33. Additionally, the stock has an RSI of 49.14. The complete research on YPF is available for free at:
On Thursday, Petroleo Brasileiro S.A.'s stock finished the session 0.47% lower at $19.12, after hitting a new 52-week high of$19.48. A total of 29.62 million shares were traded, which was above its three months average volume of 20.96 million shares. The stock vacillated between $18.93 and $19.48 during the session. Over the last one month and over the previous three months, Petroleo Brasileiro S.A.'s shares have surged 12.27% and 29.36%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 38.75%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $16.15 is greater than its 200-day moving average of $14.12. Petroleo Brasileiro S.A.'s stock has an RSI of 71.58. Free in depth research on PBR is available at:
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