LONDON, April 15, 2013 /PRNewswire/ --
The oil & gas industry has been increasing capital expenditure as it looks for new oil and gas fields to boost production amid growing demand for energy from countries such as China and India. The shale oil and gas boom in the U.S. has enabled several companies to boost production. In fact, the U.S. is expected to overtake Saudi Arabia in the next few years as the world's largest oil producer, thanks to shale boom. For companies such as Apache Corporation (NYSE: APA), Ultra Petroleum Corp. (NYSE: UPL), Range Resources Corp. (NYSE: RRC), and Endeavour International Corporation (NYSE: END), the shale revolution offers significant opportunities. Last Friday, oil and gas stocks ended mostly lower as the broad market struggled following the release of some weak economic data. StockCall professionals have completed their technical analysis on APA, UPL, RRC, and END and these free reports are accessible by registering at
http://www.stockcall.com/research
Shares of Apache Corporation edged lower on Friday. The stock closed 1.87% lower at $75.09 on above average volume of 3.67 million. Apache's shares have traded sideways in the last few weeks, struggling to break through $77 resistance level. The stock currently has strong support at around $74. Shares of APA are currently trading well below their 50-day and 200-day moving averages, which is a bearish signal. The stock's MACD is also trading below the signal line, which further confirms the downbeat trend. Sign up for the free technical research on APA at
http://www.StockCall.com/APA041513.pdf
Shares of Ultra Petroleum Corp. edged higher in Friday's trading session, extending its gains for the week. The stock closed 0.51% higher at $21.83 on volume of 3.77 million, taking its gains in the last three trading sessions to over 7.30%. Ultra Petroleum's shares have seen a series of highs in the last few sessions, which is a bullish signal. The stock's MACD has also crossed above the signal line, and is also trading above the zero-line, which further confirms the upbeat trend. The company's shares are also trading above their 50-day and 200-day moving averages. Be sure to read our latest technical research on UPL by registering at
http://www.StockCall.com/UPL041513.pdf
Shares of Range Resources Corp. fell sharply in trading on Friday. The stock ended the day 1.72% lower at $78.91 on volume of 1.13 million. The company's shares are currently facing stiff resistance at around $82. The stock is currently trading more than 5% below its 52-week high. Shares of RRC have had an excellent run thus far in 2013, gaining more than 25%, compared to a gain of more than 11.40% for the S&P 500. Sign up and read the complimentary report on RRC at
http://www.StockCall.com/RRC041513.pdf
Endeavour International Corporation's shares were among the major losers in the oil and gas sector on Friday. The stock closed 5.41% lower at $2.80 on volume of 346,500 after touching an intra-day low of $2.77. Endeavour's shares are currently trading close to their 52-week low of $2.77. The stock has fallen nearly 46% so far this year, even as the broad market rallied. It is also trading well below its 50-day and 200-day moving averages. The free report on END can be downloaded by signing up now at
http://www.StockCall.com/END041513.pdf
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