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Watch for Whiting Petroleu to Potentially Rebound After Falling 4.59% Yesterday

By James Quinn

Whiting Petroleu (NYSE:WLL) traded in a range yesterday that spanned from a low of $28.34 to a high of $28.74. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $29.46 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Whiting Petroleu has traded in a range of $18.37 to $56.47 and is now at $28.69, 56% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.2%.

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