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Watch for Whiting Petroleu to Potentially Rebound After Falling 3.54% Yesterday

By Shiri Gupta

Whiting Petroleu (NYSE:WLL) traded in a range yesterday that spanned from a low of $6.66 to a high of $7.17. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $6.72 on volume of 3.6 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 $47.89 and a 52-week low of $6.00 and are now trading 18% above that low price at $7.05 per share. The 200-day and 50-day moving averages have moved 1.11% lower and 6.23% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Whiting Petroleu. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Whiting Petroleu in search of a potential trend change.

Keywords: rebounders whiting petroleu

Ticker(s): WLL