LONDON, April 18, 2013 /PRNewswire/ --
Markets resumed their downward trend and sank on the worries about economic growth rates. All the major stock indices closed lower for the day. The Basic Materials sector also spiraled down as low economic growth is likely to translate to lower demand for the industry. Major oil stocks like Chesapeake Energy Corporation (NYSE: CHK), Talisman Energy Inc. (NYSE: TLM) showed bearish trend, while Southwestern Energy Company (NYSE: SWN), McMoran Exploration Co. (NYSE: MMR) and EOG Resources Inc. (NYSE: EOG) also registered losses for their Wednesday's trading session. StockCall initiated free in-depth technical analysis on CHK TLM, SWN, MMR, and EOG which are currently available upon sign up at
http://www.stockcall.com/research
Chesapeake Energy Corporation traded in the range of $18.41 and $18.90 in its latest trading session and ended the day at $18.47, down 3.10 percent. The stock's 52 weeks range stands at $13.32 and $22.97. The stock has lost 7.42 percent of its value in the past 12 months, while it gained 11.53 percent on a YTD basis. Chesapeake is in a neutral mode and may find its first support level at $17.83. It is trading below its 20-day moving average of $19.95. Sign up for the free technical analysis on CHK at
http://www.StockCall.com/CHK041813.pdf
Talisman Energy Inc. extended its 52 weeks loss to 13.14 percent by closing its previous trading session 3.47 percent lower. The stock closed at $10.84, with trading volume of 10.14 million shares. It is down 1.81 percent on a YTD basis. Talisman Energy is currently in a neutral mode, and the stock is expected to go up to $11.00 in the coming trading sessions. Its next resistance level is at $11.09. On the downside, it is expected to face its first support level at $10.65. The company traded in the range of $9.46 and $15.21 in the past 52 weeks. Download the free report on TLM by registering at
http://www.StockCall.com/TLM041813.pdf
In-line with the down trend shown by broad market indices, Southwestern Energy Co.'s stock finished 1.64 percent lower at $35.91, with volume down from daily average of 4.50 million to 4.22 million. The stock is up so far in 2013 with its year-to-date gain at 9.55 percent. However, the stock currently shows a neutral trend which is further confirmed by its MACD chart. The company has its first support level at $35.73. The free report on SWN can be downloaded by signing up now at
http://www.StockCall.com/SWN041813.pdf
McMoran Exploration Co is trading below its long-term moving average price, indicating a neutral trend. It also closed its latest trading session at $16.40, down 1.09 percent. The stock made a downward movement with above average volume of 1.02 million shares. The stock provided good return to its shareholders as it appreciated 4.13 percent this year. McMoran's stock also gained 82.02 percent in the past 52 weeks. Free report on MMR can be accessed by registering at
http://www.StockCall.com/MMR041813.pdf
EOG Resources Inc. traded in the range of $113.46 and $117.86 in its latest trading session. Its volume stood at 3.06 million shares, up from its average daily volume of 1.69 million shares. EOG closed Wednesday's session at $114.82, down 3.63 percent. The stock is currently trading below its short-term moving average price of $114.92, showing a neutral trend. Register with StockCall and download the research on EOG for free at
http://www.StockCall.com/EOG041813.pdf
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