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Thursday, March 29, 2012

Energy Stocks Fall (CRK) (ARLP) (HW) (PVA) (AHGP)

Comstock Resources Inc (NYSE: CRK): fell by 5.42% or $-0.9/share to $15.71. In the past year, the shares have traded as low as $11.05 and as high as $33.63. On average, 2307280 shares of CRK exchange hands on a given day and today's volume is recorded at 308615. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $16.06 represents resistance and the 50-day moving average of $15.31 would be an area of support.

Alliance Resource (NASDAQ: ARLP): fell by 6.66% or $-4.34/share to $60.81. In the past year, the shares have traded as low as $58.00 and as high as $83.80. On average, 95897 shares of ARLP exchange hands on a given day and today's volume is recorded at 120477. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $70.03 area but be careful because the stock may face selling pressure at this level.

Headwaters Inc (NYSE: HW): fell by 5.91% or $-0.26/share to $4.14. In the past year, the shares have traded as low as $1.05 and as high as $6.41. On average, 533805 shares of HW exchange hands on a given day and today's volume is recorded at 285604. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $3.41 area where the stock will likely see buying pressure.

Penn Virginia Corporation (NYSE: PVA): fell by 4.75% or $-0.2228/share to $4.47. In the past year, the shares have traded as low as $4.21 and as high as $17.20. On average, 1331710 shares of PVA exchange hands on a given day and today's volume is recorded at 143752. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $5.03 area but be careful because the stock may face selling pressure at this level.

Alliance Hldgs. GP, L.P. (NASDAQ: AHGP): fell by 4.22% or $-1.96/share to $44.45. In the past year, the shares have traded as low as $40.24 and as high as $54.64. On average, 43731 shares of AHGP exchange hands on a given day and today's volume is recorded at 33007. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $49.64 area where the stock may encounter resistance.