Today's Research Reports on Trending Tickers: EXCO Resources and Whiting Petroleum
NEW YORK, NY / ACCESSWIRE / October 26, 2017 / The markets record rally stalled Wednesday, with the Dow posting its largest one day drop since September 5th, after the latest batch of corporate earnings failed to impress Wall Street. The Dow Jones Industrial Average declined 0.48 percent to close at 23,329.46, while the S&P 500 Index dropped 0.47 percent to close at 2,557.15. The Nasdaq Composite Index fell 0.52 percent to close at 6,563.89. As of Wednesday, 165 of the companies in the S&P 500 Index have reported earnings so far with approximately 72.1 percent of them beating expectations, according to Reuters.
"While we continue to advise patience and some caution in the near term [due to low volatility and stretched valuation] the strength in U.S. stocks continues to support our view that we are nowhere near the end of this secular bull market," said Andrew Adams, market strategist at Raymond James, in a note, according to MarketWatch.
RDI Initiates Coverage on:
EXCO Resources Inc.
https://rdinvesting.com/news/?ticker=XCO
Whiting Petroleum Corporation
https://rdinvesting.com/news/?ticker=WLL
EXCO Resources Inc.'s stock jumped 39.02% Wednesday, to close the day at $1.71. The stock recorded a trading volume of 979,510 shares, which was above its three months average volume of 504,992 shares. In the last year, EXCO Resources Inc.'s shares have traded in a range of 1.00 - 17.55. The share price has gained 71.86% from its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.33 is below its 200-day moving average of $3.31. Shares of EXCO Resources Inc. are trading at a Price to Earnings ratio of 0.23. Shares of EXCO Resources have fallen approximately 86.95 percent year-to-date.
Access RDI's EXCO Resources Inc. Research Report at:
https://rdinvesting.com/news/?ticker=XCO
On Wednesday, shares in Whiting Petroleum Corporation recorded a trading volume of 33,862,671 shares, which was above the three months average volume of 19,292,600 shares. The stock ended the day 1.88% higher at 4.87. The share price has gained 22.67% from its 52-week low with a 52-week trading range of 3.97 - 13.39. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $5.06 is below its 200-day moving average of $6.02. Shares of Whiting Petroleum have fallen approximately 59.48 percent year-to-date.
Access RDI's Whiting Petroleum Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WLL
Our Actionable Research on EXCO Resources Inc. (NYSE: XCO) and Whiting Petroleum Corporation (NYSE: WLL) can be downloaded free of charge at Research Driven Investing.
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