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Wednesday, March 28, 2012

Energy Stocks Moving Actively Today (XOM) (SLB) (OXY) (TOT) (BHI)

Exxon Mobil Corporation (NYSE: XOM): fell by 0.87% or $-0.75/share to $85.87. In the past year, the shares have traded as low as $67.03 and as high as $88.13. On average, 15552200 shares of XOM exchange hands on a given day and today's volume is recorded at 3400297. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $85.98 represents resistance and the 200-day moving average of $81.22 would be an area of support.

Schlumberger Limited. (NYSE: SLB): fell by 0.59% or $-0.41/share to $69.55. In the past year, the shares have traded as low as $54.79 and as high as $95.53. On average, 8350740 shares of SLB exchange hands on a given day and today's volume is recorded at 4089913. 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 $71.87 area where the stock may encounter resistance.

Occidental Petroleum Corp (NYSE: OXY): fell by 3.01% or $-2.96/share to $95.45. In the past year, the shares have traded as low as $66.36 and as high as $117.89. On average, 3736290 shares of OXY exchange hands on a given day and today's volume is recorded at 2102053. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $101.90 represents resistance and the 200-day moving average of $93.62 would be an area of support.

TOTAL S.A. (ADR) (NYSE: TOT): fell by 0.43% or $-0.22/share to $50.68. In the past year, the shares have traded as low as $40.00 and as high as $64.44. On average, 3076760 shares of TOT exchange hands on a given day and today's volume is recorded at 3840553. 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 $51.06 area where the stock may encounter resistance.

Baker Hughes Incorporated (NYSE: BHI): fell by 1.67% or $-0.7/share to $41.25. In the past year, the shares have traded as low as $41.91 and as high as $81.00. On average, 7491680 shares of BHI exchange hands on a given day and today's volume is recorded at 4296642. 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 $48.39 area but be careful because the stock may face selling pressure at this level.