Whiting Petroleum Surrenders Early Gains

Loading...
Loading...

Whiting Petroleum Corp WLL shares are trading higher by $0.02 at $10.79 in Thursday's session. On Wednesday, the issue shed $0.80 from $11.57 to $10.77 following its mixed Q4 report posting a Q4 EPS beat of $0.04 but came up shy of revenues by nearly $12 million.

In today's session, the stock managed a higher open off higher Crude Oil prices, but peaked off its opening print of $11.27 and began to move lower. So far, the ensuing decline has taken Whiting to $10.80, but is not far off that level.

If the decline continues, there may be additional support at Wednesday's low ($10.64). Beyond that level, based on the daily charts, the next support level doesn't come in until the pair of from February 7 ($10.43) and February 8 ($10.28).

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...