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Recent 52-Week Low Surpassed in Shares of Stone Energy (SGY)

By Shiri Gupta

Stone Energy (NYSE:SGY) traded at a new 52-week low today of $0.27. Approximately 2.1 million shares have changed hands today, as compared to an average 30-day volume of 5.5 million shares.

Over the past year, Stone Energyhas traded in a range of $0.27 to $17.49 and are now at $0.30. Over the last five market days, the 200-day moving average (MA) has gone down 4% while the 50-day MA has declined 5.4%.

Stone Energy Corporation is an independent oil and gas company. The Company acquires, explores, develops, and operates oil and gas properties onshore and offshore in the Gulf Coast Basin.

There is potential upside of 2,767.4% for shares of Stone Energy based on a current price of $0.30 and an average consensus analyst price target of $8.62. The stock should find initial resistance at its 50-day moving average (MA) of $1.31 and further resistance at its 200-day MA of $4.14.

SmarTrend is monitoring the recent change of momentum in Stone Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Stone Energy in search of a potential trend change.

Keywords: 52 week high/lows stone energy

Ticker(s): SGY