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Tuesday, March 27, 2012

Gains In The Energy Sector For The Day (NOA) (DK) (PZE) (NGLS) (REXX)

North American Energy (NYSE: NOA): traded higher by 4.40% or $0.21/share to $4.98. In the past year, the shares have traded as low as $4.40 and as high as $12.51. On average, 103410 shares of NOA exchange hands on a given day and today's volume is recorded at 21327. 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 $5.16 area but be careful because the stock may face selling pressure at this level.

Delek US Holdings, Inc. (NYSE: DK): traded higher by 3.80% or $0.55/share to $15.04. In the past year, the shares have traded as low as $9.41 and as high as $17.50. On average, 218281 shares of DK exchange hands on a given day and today's volume is recorded at 30089. 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 $13.79 area where the stock will likely see buying pressure.

Petrobras Argentina SA (NYSE: PZE): traded higher by 2.37% or $0.31/share to $13.40. In the past year, the shares have traded as low as $11.78 and as high as $24.17. On average, 83264 shares of PZE exchange hands on a given day and today's volume is recorded at 13167. 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 $14.12 area where the stock may encounter resistance.

Targa Resources Partners (NYSE: NGLS): fell by 0.05% or $-0.02/share to $42.38. In the past year, the shares have traded as low as $28.83 and as high as $43.48. On average, 315823 shares of NGLS exchange hands on a given day and today's volume is recorded at 4101. 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 $41.64 area where the stock will likely see buying pressure.

Rex Energy Corporation (NASDAQ: REXX): traded higher by 2.44% or $0.255/share to $10.72. In the past year, the shares have traded as low as $9.29 and as high as $18.00. On average, 1175140 shares of REXX exchange hands on a given day and today's volume is recorded at 128784. 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 $10.79 area but be careful because the stock may face selling pressure at this level.