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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
Tue, 26 Aug 2014NoneBearish EngulfingThu, 14 Aug 20145.51%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.51 0.05 (0.77%) Aug 27 4:00pm EDT
Open: 6.45 Range: 6.45 - 6.65 Vol: 517.17K Avg Vol: 837.71K
EPS: 0.51 P/E ratio: 13.04 EBITDA: 74.9M Mkt Cap: 477.3M
Analyze "WRES" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 6.40
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 6.16
Last Trade is above the 50 day moving average at 6.07
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 4.52
* 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 97% of the time with an average daily volume of 837.7K shares being traded. The 50 day moving average, currently at 6.07, 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, although in a trading range, generally confirms this view as the underlying strength in WRES still has a bullish bias with price maintaining above the 20 SMA for 70% of the time in the last two months of trading. 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 6.07 and 4.52 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 $7.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 26 Aug 2014
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