Country Icon

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

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 23 Jul 2014NoneDojiMon, 21 Jul 2014-0.6%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.26 -0.36 (-5.44%) Jul 24 4:00pm EDT
Open: 6.65 Range: 6.23 - 6.655 Vol: 1.36M Avg Vol: 791.36K
EPS: 0.49 P/E ratio: 13.59 EBITDA: 76.9M Mkt Cap: 487.5M
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 6.60
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 6.26
Last Trade is above the 50 day moving average at 5.31
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 4.15
* 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 96% of the time with an average daily volume of 791.4K shares being traded. The 50 day moving average, currently at 5.31, 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 confirms this view as the underlying strength in WRES is still very strong with price maintaining above the 20 SMA for 87.5% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long WRES shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 5.31 and 4.15 respectively. 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 $8.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 23 Jul 2014
Energy Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
SNPChina Petroleum & Chemical CorporationBuy, Sell or HoldTrading Levels & Pivots
EENI S.p.A.Buy, Sell or HoldTrading Levels & Pivots
NBLNoble Energy Inc.Buy, Sell or HoldTrading Levels & Pivots
PWEPenn West Petroleum LtdBuy, Sell or HoldTrading Levels & Pivots
AMCFAndatee China Marine Fuel Services CorporationBuy, Sell or HoldTrading Levels & Pivots
IOIon Geophysical CorporationBuy, Sell or HoldTrading Levels & Pivots
CAECAE IncBuy, Sell or HoldTrading Levels & Pivots
TOTTotalFinaElf, S.A.Buy, Sell or HoldTrading Levels & Pivots
UPLUltra Petroleum Corp.Buy, Sell or HoldTrading Levels & Pivots
YPFYPF Sociedad AnonimaBuy, Sell or HoldTrading Levels & Pivots