Technical Briefing on Quicksilver Resources, Forest Oil, Canadian Natural Resources, and EXCO Resources
LONDON, April 10, 2013 /PRNewswire/ --
The markets resumed their upward ascent as The Dow Jones Index closed at record high on Tuesday. The Dow Jones gained 0.41 percent to end the day at 14,673.46. Cyclical stocks pushed the markets up. Positive sentiments about upcoming earnings season also provided positive impetus to the markets. We followed the Basic Material sector majors, and selected companies in the Independent Oil & Gas industry like Quicksilver Resources Inc (NYSE: KWK), Forest Oil Corporation (NYSE: FST), Canadian Natural Resource Ltd (NYSE: CNQ) and EXCO Resources Inc. (NYSE: XCO). StockCall has posted free technical research reports on KWK, FST, CNQ, and XCO and these can be accessed by signing up at
http://www.stockcall.com/analysis
Quicksilver Resources Inc. closed its Tuesday's trading session at $2.63, up 3.14 percent from its previous close. The stock shows a bullish trend and is likely to make upward movements in the coming trading sessions. Quicksilver Resources may face resistance at $2.90. Upon breaching this level, it may go up to $3.08 level. The stock traded 3.20 million shares during the session, and it oscillated in the range of $2.48 and $2.68. The stock has declined 45.32 percent in the past 52 weeks. The company is a highly volatile stock as it sports beta of 1.69. The company has market capitalization of $454.86 million. Download the free report on KWK upon registration at
http://www.StockCall.com/KWK041013.pdf
Forest Oil Corporation made an upward movement with 2.24 percent gain in its latest trading session. The company stock ended at $5.01 and its highest price point for the session stood at $5.05. In the past 12 months, the stock has declined 56.77 percent while its YTD loss stands at 21.47 percent. It traded in the range of $4.58 and $13.69 in the past 12 months. Forest Oil trades at beta of 1.48, which implies high volatility. It traded 4.27 million shares during yesterday's session, in comparison to its regular daily volume of 3.83 million shares. FST technical report can be accessed for free by signing up at
http://www.StockCall.com/FST041013.pdf
Canadian Natural Resource Ltd trimmed its 52 weeks loss to 1.56 percent by closing its previous trading session 2.90 percent higher. The stock closed at $31.53, with trading volume of 2.23 million shares on Tuesday. It is up 10.75 percent on a YTD basis. Canadian Natural Resource Ltd is currently in a bullish mode and is expected to go up to $32.93 in the coming trading sessions. Its next resistance level is at $33.05. On the downside, it is expected to face its first support level at $31.40, while its second support is at $30.66. Canadian Natural Resource Ltd traded in the range of $25.01 and $35.40 in the past 52 weeks. Free report on CNQ can be accessed by registering at
http://www.StockCall.com/CNQ041013.pdf
EXCO Resources Inc. is currently trading marginally below its 20-day and 50-day moving average price. It also ended its latest trading session 1.10 percent higher at $7.37, further confirming the trend. EXCO Resources Inc. exchanged 2.01 million shares during the session, while its regular trading volume stands at 3.47 million shares. The stock has underperformed the broader markets and has gained 7.12 percent so far this year. However, it is likely to go up to $7.52 in the coming trading sessions. Its second resistance level is at $7.75. The independent oil & gas company commands market capitalization of $1.60 billion. Register with StockCall and download the research on XCO for free at
http://www.StockCall.com/XCO041013.pdf
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