StockCall.com Provides Stock Research on Chesapeake Energy Corp., Talisman Energy Inc., Southwestern Energy Co., EOG Resources Inc., and McMoRan Exploration Co.
New York City, New York -- (May 22, 2013)
Oil prices have come under pressure in recent weeks due to weakening demand, especially from China, and a stronger dollar. While the Chinese economy is growing, the growth pace has slowed down. With the Chinese economy not likely to grow at double digit rate anymore, demand for oil could remain under pressure. The lower demand has come at a time when the market is seeing increasing supply from North America, where the shale revolution has boosted production. Oil and gas stocks ended mostly higher in trading yesterday, tracking gains in the broad market. Among the major movers in the sector were Chesapeake Energy Corporation (NYSE: CHK), Talisman Energy Inc. (USA) (NYSE: TLM), Southwestern Energy Company (NYSE: SWN), EOG Resources Inc. (NYSE: EOG), and McMoRan Exploration Co. (NYSE: MMR). StockCall reviewed the Independent Oil & Gas industry and chose CHK, TLM, SWN, EOG, and MMR for its technical coverage. These free reports can be seen for free at
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Shares of Chesapeake Energy Corporation edged higher on Tuesday; however, the gains were limited. The stock closed 0.24% higher at $20.85 on above average volume of 12.46 million, taking its gains in the last three sessions to over 4.80%. The company’s shares have had an excellent run so far in 2013, gaining more than 26.10% as compared to a gain of over 17% for the S&P 500. The stock recently crossed above its 50-day moving average which is a bullish signal. Download the free research on CHK by signing up now at
www.StockCall.com/CHK052213.pdf
Shares of Talisman Energy Inc. fluctuated between gains and losses on Tuesday before finishing the day flat at $11.83 on volume of 4.61 million. In the last three sessions, however, Talisman Energy’s shares have gained nearly 4%, which suggests that market sentiment is bullish on the stock. The bullish trend is confirmed by the stock’s MACD chart. Shares of TLM have also crossed above their 50-day moving average. Register for today’s free analysis on TLM at
www.StockCall.com/TLM052213.pdf
Shares of Southwestern Energy Company touched a 52-week high of $40.34 on Tuesday. The stock ended the day 0.03% higher at $39.58 on volume of 3.84 million, taking its gains in the last three sessions to nearly 4.20%. The company’s shares have seen a series of highs in the past week which is a bullish signal. The positive trend is further confirmed by recent volume activity. Year-to-date, Southwestern Energy’s shares have gained nearly 18.50%, outperforming the broad market. Free report on SWN can be accessed by registering at
www.StockCall.com/SWN052213.pdf
Shares of EOG Resources Inc. edged lower on Tuesday even as the broad market posted gains. The stock ended the day 0.98% lower at $134.28 on volume of 1.25 million. Despite the pullback yesterday, EOG Resources’ shares are currently trading close to their 52-week high of $139. The stock is currently trading above its 50- and 200-day moving averages, which is a bullish signal.Register withStockCall and download the research on EOG for free at
www.StockCall.com/EOG052213.pdf
Shares of McMoRan Exploration Co. ended marginally higher in yesterday’s trading session. The stock touched a 52-week high of $16.87 before finishing the day 0.12% higher at $16.86 on above average volume of 1.93 million. Shares of the company have traded sideways since the start of this year. The stock is currently trading above its 50- and 200-day moving averages. Year-to-date, shares of the company have gained more than 5%. Read the full free research on MMR by signing up to StockCall at
www.StockCall.com/MMR052213.pdf
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