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Look for Shares of Whiting Petroleu to Potentially Rebound after Yesterday's 2.04% Sell Off

By David Diaz

Whiting Petroleu (NYSE:WLL) traded in a range yesterday that spanned from a low of $33.10 to a high of $34.82. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $34.64 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Whiting Petroleu have traded between a low of $1.64 and a high of $56.47 and are now at $34.37, which is 1,995% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 2.29% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Whiting Petroleu on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $42.12. Since that call, shares of Whiting Petroleu have fallen 16.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders whiting petroleu

Ticker(s): WLL