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Warren Resources, Inc. (WRES) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 01 Oct 2014NoneBullish EngulfingFri, 26 Sep 2014-10.58%
***Stock database and scans are updated around midnight (New York time) every trading day.
5.08 -0.23 (-4.44%) Oct 01 4:00pm EDT
Open: 5.27 Range: 5.035 - 5.38 Vol: 834.29K Avg Vol: 1.03M
EPS: 0.51 P/E ratio: 10.39 EBITDA: 74.9M Mkt Cap: 375.0M
Analyze "WRES" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 5.45
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 5.75
Last Trade is below the 50 day moving average at 6.04
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 4.86
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of WRES

Stock Trend Analysis - Buy, Sell or Hold "Warren Resources, Inc." (WRES)?

WRES is in a very strong uptrend. In the last 52 weeks, WRES has been trading above the 200 day moving average for 99% of the time with an average daily volume of 1M shares being traded. The 50 day moving average, currently at 6.04, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. WRES was only able to maintain above the 20 SMA for 40% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in WRES is near the 200 SMA currently at 4.86. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "WRES".

The analyst consensus estimates for the 1 year price target for this stock is $7.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 01 Oct 2014
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