Today's Technical View on Penn West Petroleum, SeaDrill, Superior Energy Services, and Northern Tier Energy
LONDON, April 9, 2013 /PRNewswire/ --
Markets showed lethargic movements in the first half of Tuesday's session. However, it picked up volume in the late hours and all major indices closed higher. The Dow Jones ended its latest session at 14,613.48, up 0.33 percent while NASDAQ was up 0.57 percent to close at 3,222.25. Similarly, S&P also finished on a positive note at 1,563.07, up 0.63 percent. Our research team took a look at Basic Material sector, more precisely oil and gas stocks which include major companies like Penn West Petroleum Ltd. (NYSE: PWE), Seadrill Ltd (NYSE: SDRL), Superior Energy Services Inc. (NYSE: SPN) and Northern Tier Energy (NYSE: NTI). StockCall initiated free in-depth technical analysis on PWE, SDRL, SPN, and NTI which are currently available upon sign up at
http://www.stockcall.com/research
Penn West Petroleum Ltd. traded in the range of $10.13 and $10.38 in its latest trading session. Its volume stood at 3.67 million shares, up from its average daily volume of 2.37 million on Monday. The Oil & Gas Drilling & Exploration company closed the session at $10.26, up 1.38 percent. The stock is currently trading above its short-term moving average price of $10.24, showing a bullish trend. In the coming sessions, Penn West is expected to go as high as $10.42, while its first support level is at $9.59. The stock trades at Price/Earnings ratio of 28.50, making it an expensive stock to own. It has declined 3.12 percent on a YTD basis. Sign up for the free technical analysis on PWE at
http://www.StockCall.com/PWE040913.pdf
Seadrill Ltd closed its Tuesday's trading session at $36.21, up 0.53 percent from its previous close. The stock shows a neutral trend and may find support at $36.17. Upon breaching this level, it may go down to $36.05 level. Seadrill traded 1.24 million shares during the session, and the stock oscillated in the range of $35.95 and $36.36. It has depreciated 2.69 percent in the past 52 weeks. The company commands market capitalization of $16.99 billion and its stock is highly volatile with beta of 1.99. Download the free report on SDRL by registering at
http://www.StockCall.com/SDRL040913.pdf
Superior Energy Services Inc. is trading above its long-term moving average price, indicating a bullish trend. It also closed its latest trading session at $25.25, up 1.86 percent. The stock made an upward movement with below average volume of 1.48 million shares. Superior Energy Services Inc. trades at Price/Earnings ratio of 10.02, lower than the industry's average, making the stock an inexpensive proposition. The stock also provided good return to its shareholders as it appreciated 25.56 percent this year. Superior Energy Services' stock also declined 4.61 percent in the past 52 weeks. The free report on SPN can be downloaded by signing up now at
http://www.StockCall.com/SPN040913.pdf
Northern Tier Energy LP is currently trading in oversold territory with its Relative Strength Index at 40.62. Consequently, the stock may see some gains in the coming sessions. It closed Monday's session at $26.67, up 0.15 percent. The stock is currently in bullish mode and may touch $27.10 level in the coming days. Upon breaching this level, the stock's next support price is at $28.15. Northern Tier Energy's stock appreciated 6.34 percent in this year while its 52-week gain stands at 88.35 percent. The stock has traded in the range of $13.00 and $33.24 during the said time period. Free report on NTI can be accessed by registering at
http://www.StockCall.com/NTI040913.pdf
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