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Shares of Whiting Petroleu Fall to a New 52-Week Low

By Shiri Gupta

Shares of Whiting Petroleu (NYSE:WLL) traded today at $7.75, breaking its 52-week low. So far today approximately 2.4 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 517.6% for shares of Whiting Petroleu based on a current price of $7.75 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 $14.45 and subsequent resistance at its 200-day MA of $23.51.

Whiting Petroleu share prices have moved between a 52-week high of $55.17 and the current low of $7.75 and are currently at $7.75 per share. Over the past week, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 4.6%.

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 66.1%. 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