StockCall Early Morning Insight into Anadarko Petroleum, Suncor Energy, Devon Energy, and Plains Exploration & Production
LONDON, March 25, 2013 /PRNewswire/ --
Markets struggled to find direction throughout last week as international concerns like the Cyprus bailout fiasco kept exerting pressure. The Dow Jones ended its latest session at 14,512.03, up 0.63 percent while NASDAQ was up 0.70 percent to close Friday at 3,245.00. Similarly, S&P also finished on a positive note at 1,556.89, up 0.72 percent. Markets are expected to keep up the mixed trend in the coming week as well. Our research team took a look at the Basic Material sector, more specifically Independent Oil & Gas which includes major companies like Anadarko Petroleum Corporation (NYSE: APC), Suncor Energy Inc. (NYSE: SU), Devon Energy Corp (NYSE: DVN) and Plains Exploration & Production Company (NYSE: PXP). StockCall has issued technical analysis and charting reports on APC, SU, DVN, and PXP. Download these free reports now at
http://www.stockcall.com/todaysopinions
In-line with the upward trend shown by broad market indices, Anadarko Petroleum Corporation's stock finished 1.28 percent higher at $86.58, with volume marginally down from daily average of 3.32 million to 3.13 million last Friday. The stock is up in 2013 with its year-to-date gain at 19.73 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. The company has its first support level at $84.63. Download the free research on APC today by registering at
http://www.StockCall.com/APC032513.pdf
Suncor Energy Inc. traded in the range of $30.15 and $30.48 in its latest trading session. Its volume stood at 2.51 million shares, down from its average daily volume of 3.93 million. Suncor closed the session at $30.28, up 0.30 percent. The stock is currently trading above its short-term moving average price of $30.24, showing a bullish trend. In the coming sessions, Suncor Energy Inc. is expected to go as high as $30.79, while its first support level is at $29.83. The stock trades at Price/Earnings ratio of 17.40, which is close to industry average. It has declined 6.17 percent on a YTD basis. Sign up and have access to our free report on SU at
http://www.StockCall.com/SU032513.pdf
Devon Energy Corp closed its Friday's trading session at $57.31, up 0.70 percent from its previous close. The stock shows a neutral trend and currently sports the Relative Strength Index of 57.80, which further emphasizes on its neutral position. The company may find support at $56.66. Upon breaching this level, it may go down to $54.93 level. Devon Energy traded 2.47 million shares during the session, and the stock oscillated in the range of $56.95 and $57.60. The stock has lost 20.45 percent of its value in the past 52 weeks, while its YTD gain stands at 12.04 percent. Sign up and read the complimentary report on DVN at
http://www.StockCall.com/DVN032513.pdf
Plains Exploration & Production Company made downward movement with 0.02 percent decline in its latest trading session. The company's stock ended at $46.74 and its highest price point for the session stood at $47.04, while its 52 weeks high price point is at $48.47. In the past 12 months, the stock has appreciated 5.29 percent while its YTD gain stands at 1.45 percent. Plains Exploration & Production Company trades at beta of 1.52, which implies high volatility. It traded 1.54 million shares during the session, in comparison to its regular daily volume of 1.71 million shares. The free report on PXP can be downloaded by signing up now at
http://www.StockCall.com/PXP032513.pdf
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