NEW YORK, May 18, 2016 /PRNewswire/ --
With the recent rise in oil prices, many investors are once again looking for opportunities to grab. This morning, ActiveWallSt.com takes a closer look at four equities in the Independent Oil and Gas space: Legacy Reserves L.P. (NASDAQ: LGCY), Diamondback Energy Inc. (NASDAQ: FANG), Memorial Production Partners L.P. (NASDAQ: MEMP), and Approach Resources Inc. (NASDAQ: AREX). Find out how you can benefit from these stocks by accessing our trading alerts at:
Legacy Reserves L.P.'s stock finished Tuesday's session 3.01% higher at $2.74 and with a total volume of 522,972 shares traded. Over the last month and the previous three months, the Company's shares have surged 120.97% and 176.77%, respectively. Additionally, the stock has gained 56.57% since the start of this year. Shares of the Company are trading above their 50-day moving average by 64.60%. Moreover, Legacy Reserves' stock has a Relative Strength Index (RSI) of 58.85. Do not lose out on any LGCY's trade by activating your free access to the trade alerts now at:
Shares in Diamondback Energy Inc. ended yesterday's session 0.42% higher at $86.94 and with a total volume of 797,918 shares traded. The stock has gained 6.26% in the past month, 23.42% in the previous three months, and 29.96% on an YTD basis. The Company's shares are trading 7.41% above their 50-day moving average and 18.81% above their 200-day moving average. Moreover, Diamondback Energy's stock has an RSI of 57.09. Sign up for your trade alert on FANG at:
On Tuesday, Memorial Production Partners L.P.'s stock climbed 6.64%, to close the day at $2.57. A total volume of 1.16 million shares was traded, above their three months average volume of 830,710 shares. The Company's shares have advanced 26.82% in the last one month, 11.58% in the previous three months, and 2.26% on an YTD basis. The stock is trading 10.67% above its 50-day moving average. Additionally, shares of Memorial Production Partners have an RSI of 56.14. Register for free on ActiveWallSt.com and activate your trade alert on MEMP at:
Shares in Approach Resources Inc. ended the day 1.92% lower at $2.55. A total volume of 741,503 shares was traded. The stock has gained 48.26% in the last one month, 180.22% in the previous three months, and 38.59% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 36.58% and 31.59%, respectively. Furthermore, shares of Approach Resources have an RSI of 56.65. Trade alert on AREX is available for free at:
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