• Return to Headlines

Recent 52-Week Low Surpassed in Shares of Whiting Petroleu (WLL)

By Amy Schwartz

Shares of Whiting Petroleu (NYSE:WLL) traded today at $8.75, breaking its 52-week low. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 6.8 million shares.

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

There is potential upside of 447.0% for shares of Whiting Petroleu based on a current price of $8.75 and an average consensus analyst price target of $47.87. The stock should run into initial resistance at its 50-day moving average (MA) of $15.74 and subsequent resistance at its 200-day MA of $24.46.

In the past 52 weeks, Whiting Petroleu share prices have been bracketed by a current low of $8.75 and a high of $55.17 and are now at $8.75. The 200-day and 50-day moving averages have moved 1.74% lower and 3.43% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Whiting Petroleu on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $23.86. Since that call, shares of Whiting Petroleu have fallen 61.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows whiting petroleu

Ticker(s): WLL