Pre-Market Analysis: Forest Oil Corp., EXCO Resources Inc., Quicksilver Resources Inc., and Canadian Natural Resources Ltd
19 Nov, 2013, 08:00 ET
LONDON, November 19, 2013 /PRNewswire/ --
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On Monday, November 18, 2013, the S&P 500 ended the day at 1,791.53, down 0.37%; the Dow Jones Industrial Average closed at 15,976.02, up 0.09%; and the NASDAQ Composite finished at 3,949.07, down 0.93%. Shares in the independent oil and gas industry ended on a lower note, even as the broader market fluctuated between gains and losses. The major movers in the industry included Forest Oil Corp. (NYSE: FST), EXCO Resources Inc. (NYSE: XCO), Quicksilver Resources Inc. (NYSE: KWK), and Canadian Natural Resources Ltd (NYSE: CNQ). All these companies are tracked by AAAResearchReports.com. Free technical research on FST, XCO, KWK, and CNQ can be downloaded upon signing up at:
Forest Oil Corp.'s stock plummeted 5.31% on Monday, closing the day at $4.10, after oscillating between $4.09 and $4.34 during the trading session. A total of 4.16 million shares were traded, which is below the daily average volume of 4.52 million. The company's shares have declined 4.65% in the previous three trading sessions, compared to a gain of 0.53% in the S&P 500 during the same period. Furthermore, Forest Oil Corp.'s stock is trading below its 50-day and 200-day moving averages of $5.43 and $5.19, respectively. Sign up and read the complimentary report on FST at:
Shares in EXCO Resources Inc. also plummeted on Monday, even as the broader market finished on a mixed note. The company's shares closed the day 3.61% lower at $5.07 after fluctuating between $5.02 and $5.32 during the trading session. A total of 4.76 million shares were traded, which is above the daily average volume of 3.49 million. The company's shares have fallen by 3.43% in the previous three trading sessions, underperforming the S&P 500, which has gained 0.53% during the same period. Moreover, EXCO Resources Inc.'s stock is trading below its 50-day and 200-day moving averages of $6.50 and $7.29, respectively. The free report on XCO can be downloaded by signing up now at:
Quicksilver Resources Inc.'s shares ended the day at their previous day's closing price of $2.43, after fluctuating between $2.36 and $2.50 during the trading session. A total of 1.61 million shares were traded, which is below the daily average volume of 2.96 million. The company's shares have gained 46.39% in the last three months and 2.97% in the previous three trading sessions, outperforming the S&P 500, which has gained 8.20% and 0.53% during the respective periods. Further, Quicksilver Resources Inc.'s stock is trading above its 50-day and 200-day moving averages of $2.21 and $2.11, respectively. A free report on KWK can be accessed by registering at:
On Monday, Canadian Natural Resources Ltd's stock declined to end the day at $32.22, which is 1.04% lower than the previous day's closing price of $32.56. The company's shares vacillated between $32.09 and $32.71 during the trading session. A total of 2.79 million shares were traded, which is above the daily average volume of 2.01 million. Despite Monday's losses, the company's shares have gained 4.34% in the previous three trading sessions, outperforming the S&P 500, which has gained 0.53% during the same period. Additionally, Canadian Natural Resources Ltd's stock is trading above its 50-day and 200-day moving averages of $31.62 and $30.70, respectively. Register with AAA Research Reports and download research on CNQ for free at:
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