U.S. markets posted mixed results Monday as data showed pending home sales in the U.S. declined for the fifth consecutive month. The National Association of Realtors reported the pending home sales index dropped 0.6 percent to 102.1, its lowest level since December 2012. Additionally, energy stocks fell Monday as a temporary deal to curb Iran's nuclear program pressured oil prices lower. Here is how some energy stocks reacted Monday:
Approach Resources Inc. (NASDAQ: AREX) shares traded in the range of $21.17 to $22.98 Monday before settling to close at $21.82, a decrease of 4.97 percent. The stock appears to be facing some resistance at the $23.13, $23.90 and $24.28 levels. Shares of Approach Resources have fallen approximately 12.0 percent in 2013.
More information on Approach Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AREX
Newfield Exploration Co. (NYSE: NFX) shares traded in the range of $28.80 to $29.91 Monday before settling to close at $28.98, a decrease of 3.50 percent. The stock appears to be facing some resistance at the $28.98 and $29.57 levels with some support at $28.11. Shares of Newfield Exploration have gained approximately 8.0 percent in 2013.
More information on Newfield Exploration and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NFX
Pioneer Natural Resources (NYSE: PXD) shares traded in the range of $130.58 to $183.46 Monday before settling to close at $181.04, a decrease of 3.02 percent. The stock appears to be facing some resistance at the $186.02 and $197.09 levels with some support at $175.14. Shares of Pioneer Natural Resources have gained approximately 70.0 percent in 2013.
More information on Pioneer Natural Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PXD
Seadrill Ltd. (NYSE: SDRL) shares traded in the range of $42.33 to $44.53 Monday before settling to close at $42.46, a decrease of 6.15 percent. The stock appears to be facing some resistance at the $42.84 and $43.29 levels with some support at $42.24. Shares of Seadrill have gained approximately 15.0 percent in 2013.
More information on Seadrill and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SDRL
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