Pre-Market Analysis on FST, XCO, KWK, CNQ, and ROSE


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NYSE:FST / NYSE:XCO
05/14/2013 [ACCESSWIRE]  

StockCall.com Provides Stock Research on Forest Oil Corp., Quicksilver Resources Inc., EXCO Resources Inc., Canadian Natural Resources Limited, and Rosetta Resources Inc.

 

New York City, New York -- (May 14, 2013)

Last week, the Organization of Petroleum Exporting Countries (OPEC) maintained its oil demand growth forecast for 2013 even though oil demand for the first quarter grew less-than-forecast. OPEC expects demand to pick up in the second half of 2013. However, it will depend on how the global economy fares. Although concerns over a sharp slowdown in China have eased, the world’s second largest economy is growing at slower-than-anticipated pace. The Eurozone, meanwhile, continues to struggle due to lack of growth. Meanwhile, a stronger U.S. dollar has put pressure on oil prices. Oil and gas stocks edged lower on Monday as the broad market fluctuated between gains and losses. Among the major movers were Forest Oil Corporation (NYSE: FST), EXCO Resources Inc. (NYSE: XCO), Quicksilver Resources Inc. (NYSE: KWK), Canadian Natural Resources Ltd. (NYSE: CNQ), and Rosetta Resources Inc. (NASDAQ: ROSE). StockCall has posted free technicalresearch on FST, XCO, KWK, CNQ, and ROSE which can be downloaded upon sign up at

www.stockcall.com/signup

Shares of Forest Oil Corporation edged lower in Monday’s trading session. The stock traded between $481 and $5.05 before finishing the day 0.40% lower at $4.92 on above average volume of 5.92 million. Despite the pullback, Forest Oil shares have gained nearly 8.40% in the last three sessions. Year-to-date, however, the stock has fallen nearly 26.50% as compared to a gain of over 14.50% for the S&P 500. Sign up and read the complimentary report on FST at

www.StockCall.com/FST051413.pdf

Shares of EXCO Resources Inc. fell sharply yesterday, reversing some of their gains from previous trading sessions. The stock closed 1.54% lower at $7.66 on volume of 2.24 million after falling to an intraday low of $7.62. EXCO’s shares have gained 5.8% in the last three sessions. The stock is currently trading above its 50-day and 200-day moving averages. The stock’s MACD is also trading above the signal line and the zero-line. The free report on XCO can be downloaded by signing up now at

www.StockCall.com/XCO051413.pdf

Another major loser in the oil and gas sector on Monday was Quicksilver Resources Inc. Shares of the Fort Worth, Texas-based company fell 1.26% to finish the day at $2.35 on volume of 1.70 million. Despite the losses, the company’s shares are up more than 1.70% in the last three sessions. The stock, however, is trading below its 50-day moving average which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. Free report on KWK can be accessed by registering at

www.StockCall.com/KWK051413.pdf

Shares of Canadian Natural Resources Inc. struggled in yesterday’s session. The stock fell to an intraday low of $29.10 before finishing the day 0.98% lower at $29.28 on volume of 2.25 million. Recent volume activity suggests that market sentiment has been downbeat on the company. Year-to-date the stock has gained more than 1.80%, underperforming the broad market. The stock is currently trading 16% below its 52-week high.Register withStockCall and download the research on CNQ for free at

www.StockCall.com/CNQ051413.pdf

Shares of Rosetta Resources Inc. also slipped on Monday. The stock traded between $46.10 and $46.80 before finishing the day 0.96% lower at $46.41 on volume of 861,831. Rosetta Resources’ shares have been facing stiff resistance at around $47. The stock’s 50-day moving average recently crossed below the 200-day moving average forming a “death cross”. This is a strong bearish signal. Read the full free research on ROSE by signing up to StockCall at

www.StockCall.com/ROSE051413.pdf

 

 

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