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Whiting Petroleu Falls 1.62% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Whiting Petroleu (NYSE:WLL) traded in a range yesterday that spanned from a low of $51.25 to a high of $53.14. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $51.92 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Whiting Petroleu share prices have been bracketed by a low of $0.99 and a high of $56.47 and are now at $51.36, 5,088% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.7% while the 50-day MA has advanced 1.6%.

Keywords: rebounders whiting petroleu

Ticker(s): WLL