Petrohawk Energy (NYSE:HK) upgraded to Outperform from Market Perform, $27-29 target, at Wells Fargo. The stock closed yesterday at $21.38 on volume of 5,709,167 shares, above average daily volume of 5,150,758.
PetroHawk Energy is currently below its 50-day moving average of $23.69 and below its 200-day moving average of $23.39.
SmarTrend is bearish on shares of HK and our subscribers received a Downtrend alert on January 27, 2010 at $23.62, which has returned 9.5% to date.
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Ticker(s): HK