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SmarTrend Watching for Potential Rebound in Shares of Whiting Petroleu After 2.04% Loss

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.

Whiting Petroleu share prices have moved between a 52-week high of $56.47 and a 52-week low of $1.64 and are now trading 1,995% above that low price at $34.37 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 2.3%.

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