Magellan Petroleum Corporation (MPET) - Buy, Sell or Hold?
Sector: Energy Sub-Sector: Oil & Gas Production
| Trade Date | Current Candlestick Pattern | Previous Candlestick Pattern | When | Performance Since |
|---|---|---|---|---|
| Tue, 28 Nov 2017 | None | Bearish Engulfing | Tue, 24 Oct 2017 | 27.82% |
| ***Stock database and scans are updated around midnight (New York time) every trading day. | ||||
12.36 0.00 (0%) Nov 28 4:00pm EDT
Open: 12.14 Range: 12.14 - 12.90 Vol: 529.69K Avg Vol: 239.54K
Analyze "MPET" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.23
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 11.36
Last Trade is above the 50 day moving average at 10.78
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 10.75
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
How to use this info: Stock Timing With Moving Averages
News on "MPET" Stock
| Energy Stocks Above 200 Day Moving-Average | |||
|---|---|---|---|
| Ticker | Name | Trend Analysis | Support/Resistance |
| CPST | Capstone Turbine Corporation | Buy, Sell or Hold | Trading Levels & Pivots |
| TGE | TGC Industries, Inc. | Buy, Sell or Hold | Trading Levels & Pivots |
| GSIG | GSI Group, Inc. | Buy, Sell or Hold | Trading Levels & Pivots |
| AXAS | Abraxas Petroleum Corporation | Buy, Sell or Hold | Trading Levels & Pivots |
| PNRG | PrimeEnergy Corporation | Buy, Sell or Hold | Trading Levels & Pivots |
| HPJ | Hong Kong Highpower Technology | Buy, Sell or Hold | Trading Levels & Pivots |
| MPET | Magellan Petroleum Corporation | Buy, Sell or Hold | Trading Levels & Pivots |
| CBAK | China BAK Battery, Inc. | Buy, Sell or Hold | Trading Levels & Pivots |
| TGA | Transglobe Energy Corp | Buy, Sell or Hold | Trading Levels & Pivots |
| ARTX | Arotech Corporation | Buy, Sell or Hold | Trading Levels & Pivots |
Stock Trend Analysis - Buy, Sell or Hold "Magellan Petroleum Corporation" (MPET)?
MPET is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 74% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation MPET will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 10.75. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MPET".The analyst consensus estimates for the 1 year price target for this stock is $4.80* (*source: Yahoo Finance).