StockCall.com Provides Stock Research on Exxon Mobil Corp., BP plc, Encana Corp., Royal Dutch Shell plc, and Total SA
New York City, New York -- (May 22, 2013)
Oil prices have been under pressure as the U.S. dollar has strengthened in the last few days. Prices have also come under pressure due to weakening demand and speculation that the Federal Reserve might start winding up its bond buying program soon. Lower oil prices are likely to have a major impact on upstream operations of integrated oil and gas companies. However, lower prices will boost margins in integrated oil and gas companies’ downstream business. The downstream business should also benefit from the shale revolution in the U.S. Shares of major integrated oil and gas companies ended mostly higher on Tuesday, May 21, 2013, tracking gains in the broad market. Among the major movers were Exxon Mobil Corporation (NYSE: XOM), BP Plc (NYSE: BP), Encana Corporation (NYSE: ECA), Royal Dutch Shell Plc (NYSE: RDS.B), and Total S.A. (NYSE: TOT). StockCall has posted free technicalresearch on XOM, BP, ECA, RDS-B, and TOT which can be downloaded upon sign up at
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Exxon Mobil Corporation’s stock saw a boost to its YTD returns with a 0.30 percent gain in Tuesday’s trading session. The stock traded in the range of $92.38 and $93.43 and closed at $92.80. However, it traded lower-than-average number of shares at 12.52 million. The stock is in a bullish mode, and it is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $92.95, and it may test a support level of $91.99 in the coming sessions. Sign up and read the complimentary report on XOM at
www.StockCall.com/XOM052213.pdf
BP Plc traded in the range of $43.17 and $43.79 in its latest session and ended the day at $43.56, up 0.37 percent. The stock’s 52 weeks range stands at $36.25 and $45.45. BP has gained 17.41 percent of its value in the past 12 months, while it grew 5.68 percent on a YTD basis. The company’s stock is in a bullish mode and may find its first support level at $43.23. It is trading above its 20-day moving average of $43.18. The free report on BP can be downloaded by signing up now at
www.StockCall.com/BP052213.pdf
Despite the upward trend shown by broad market indices, Encana’s stock finished 0.46 percent down at $19.64 with volume up from daily average of 4.65 million to 5.94 million. The stock is up so far in 2013 with a year-to-date gain at 0.26 percent. However, the stock currently shows a neutral trend which is further confirmed by the stock’s MACD chart. Shares of the company have its first support level at $19.50. Free report on ECA can be accessed by registering at
www.StockCall.com/ECA052213.pdf
Royal Dutch Shell Plc traded in the range of $70.32 and $71.18 in its latest session. Its volume stood at 887,195 shares, down from its average daily volume of 1.17 million. The company closed the session at $70.88, up 1.06 percent. The stock is currently trading below its short-term moving average price of $70.94, showing a neutral trend. In the coming sessions, Royal Dutch Shell is expected to go as high as $71.05, while its first support level is at $70.56. The stock has appreciated 0.23 percent on a YTD basis.Register withStockCall and download the research on RDS-B for free at
www.StockCall.com/RDS-B052213.pdf
Total S.A. closed Tuesday’s session at $51.09, up 0.87 percent from its previous close. The stock shows a bullish trend but currently is in overbought territory with Relative Strength Index of 61.12. It is likely to face minor pullback in the coming trading sessions and may find support at $50.66. Upon breaching this level, it may go down to $49.39 level. Total traded 2.12 million shares during the session, and it oscillated in the range of $50.47 and $51.39. The stock has appreciated 16.56 percent in the past 52 weeks. Read the full free research on TOT by signing up to StockCall at
www.StockCall.com/TOT052213.pdf
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