• Return to Headlines

Look for Shares of Wpx Energy to Potentially Pullback after Yesterday's 2.94% Rise

By Nick Russo

Wpx Energy (NYSE:WPX) traded in a range yesterday that spanned from a low of $9.80 to a high of $10.21. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $10.07 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wpx Energy share prices have moved between a 52-week high of $15.32 and a 52-week low of $8.79 and are now trading 13% above that low price at $9.89 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Wpx Energy and will alert subscribers who have WPX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders wpx energy

Ticker(s): WPX