Pre-Market Scan on Bill Barrett, Concho Resources, Whiting Petroleum, and Rowan Companies

LONDON, March 28, 2013 /PRNewswire/ --

S&P ended 0.06 percent down at 1,562.85, while The Dow Jones closed with a 0.23 percent loss at 14,526.16, thus ending in red territory. However, NASDAQ finished higher at 3,256.52, up 0.12 percent. Markets were helped by late buying, though the international concerns about Cyprus still lingers. Crude supply is likely to go up in near future. Our research team took a look at the Basic Materials sector, more precisely the Oil & Gas Drilling & Exploration industry which includes major companies like Bill Barrett Corporation (NYSE: BBG), Whiting Petroleum Corp. (NYSE:WLL), Rowan Companies PLC (NYSE: RDC) and Concho Resources Inc. (NYSE: CXO). StockCall has posted free technical research on BBG, WLL, RDC, and CXO which can be downloaded upon sign up at

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Bill Barrett Corporation is currently in a neutral mode as the stock ended its previous trading session at $20.28, down 1.02 percent. The stock traded in the range of $20.07 and $20.40 during Wednesday's session. Its first support level is at $20.21 and upon breaching this level, the stock may go down to $19.67 level. On the upside, Bill Barrett Corp.'s stock may touch $20.82 level. The stock has traded in the range of $15.42 and $27.38 in the past 52 weeks and it declined by 27.16 percent during the same time period. On a Year-to-Date basis, the stock is up 15.95 percent.Sign up and read the complimentary report on BBG at

http://www.StockCall.com/BBG032813.pdf

Whiting Petroleum Corp.'s shares were down for their latest trading session, ending the day 0.20 percent lower at $50.84. The stock fell to an intra-day low of $49.95, while its intra-day high stood at $50.86. Despite the downward movement, Whiting Petroleum has gained more than 22 percent this year, compared to a gain of 11.44 percent for the S&P 500. The stock traded 1.18 million shares and its regular daily trading volumes stands at 1.75 million. The company's shares have strong support at around $50.67, as the stock shows a bullish trend. The stock is trading higher than its 20-day and 50-day moving averages, further confirming this positive trend. The free report on WLL can be downloaded by signing up now at

http://www.StockCall.com/WLL032813.pdf

Rowan Companies PLC traded in the range of $34.28 and $35.35 in yesterday's trading session and ended the day at $35.26, up 1.58 percent. The stock's 52 weeks range stands at $28.61 and $39.40. The company has gained 5.19 percent of its value in the past 12 months, while it is up 15.68 percent so far this year. Rowan Companies is in a bullish mode and may find its first support level at $35.11. It is trading above its 20-day moving average of $34.77 and 50-day moving average price of $34.80. In the coming sessions, the stock is likely to go up to $35.83. Free report on RDC can be accessed by registering at

http://www.StockCall.com/RDC032813.pdf

Shares of Concho Resources Inc. ended its previous trading session marginally lower at $98.36, down 0.33 percent. The stock grew more than 24 percent this year, beating the broad market. The stock has slipped from $99.39 resistance level. It has support at around $97.77 at the moment. Despite its downward movement, Concho Resources Inc. is still trading above its 20-day and 50-day moving averages price. The stock is likely to go up to $98.58 price level in the coming sessions.Register with StockCall and download the research on CXO for free at

http://www.StockCall.com/CXO032813.pdf

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