LONDON, May 2, 2014 /PRNewswire/ --
The US markets ended on a mixed sentiment on Thursday, May 1, 2014, with the NASDAQ Composite closing at 4,127.45, up 0.31%, the Dow Jones Industrial Average ending the session 0.13% lower at 16558.87, and the S&P 500 edging 0.01% lower to finish the trading session at 1,883.68. During the session gains in the Consumer Discretionary, Telecommunication Services, and Utilities sectors positively impacted the broader market, while some retraction came in from Materials, Energy, and Industrials sectors. The S&P 500 Energy Sector Index ended the day at 683.84, down 0.36%, while the index gained12.02% in the previous three months. Investor-Edge has initiated coverage on the following equities: Pengrowth Energy Corporation (NYSE: PGH), Approach Resources Inc. (NASDAQ: AREX), Penn West Petroleum Ltd (NYSE: PWE) and Energy XXI (Bermuda) Ltd (NASDAQ: EXXI). Free technical research on PGH, AREX, PWE and EXXI can be downloaded upon signing up at:
http://www.investor-edge.com/2026-register
On Thursday, shares in Pengrowth Energy Corp. fluctuated between $6.43 and $6.55 before ending the session 0.15% higher at $6.51. The stock reported a trading volume of 0.70 million shares, below its three months average volume of 1.20 million shares. Pengrowth Energy Corp.'s shares have advanced 3.17% in the previous three trading sessions, 6.72% in the last one month and 5.00% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $6.30 and $6.16, respectively. Moreover, shares of Pengrowth Energy Corp. have a Relative Strength Index (RSI) of 62.22. Sign up today to read free research on PGH at:
http://www.investor-edge.com/2026-PGH-02May2014.pdf
Approach Resources Inc.'s stock edged 0.19% lower, to close the day at $20.71. The stock recorded a trading volume of 1.28 million shares, above its three months average volume of 1.04 million shares. The stock oscillated between $20.32 and $20.97 during the session. Over the past one month, Approach Resources Inc.'s shares have fallen by 0.72%. However, the stock has gained 5.18% in the last three trading sessions and 7.31% since the start of this year. The stock is trading below its 50-day moving average of $20.91. Moreover the stock's 50-day moving average is below Approach Resources Inc.'s 200-day moving average of $23.01. Additionally, the stock traded at a PE ratio of 10.77 and has an RSI of 55.24. Sign up today to read free research on AREX at:
http://www.investor-edge.com/2026-AREX-02May2014.pdf
On Thursday, shares in Penn West Petroleum Ltd recorded a trading volume of 2.72 million shares, higher than its three months average volume of 1.70 million shares. The stock ended the day at $9.15, which was 0.99% above its previous day's closing of $9.06, and registered an intraday range of $9.10 and $9.42. Penn West Petroleum Ltd's shares have gained 3.16% in the previous three trading sessions, 9.06% in the last one month, and 9.45% on YTD basis. The company's stock is trading above its 50-day moving average of $8.50. Furthermore, shares of Penn West Petroleum Ltd have an RSI of 59.28. Sign up today to read free research on PWE at:
http://www.investor-edge.com/2026-PWE-02May2014.pdf
Shares in Energy XXI (Bermuda) Ltd finished the Thursday's session 4.55% lower at $22.84. A total of 4.54 million shares were traded, which was above its three months average volume of 2.20 million shares. The stock vacillated between $22.50 and $24.27 during the session. Over the last one month and the previous three months, Energy XXI (Bermuda) Ltd's shares have fallen by 2.48% and 0.48%, respectively. Additionally, from the beginning of 2014, the company's stock has lost 15.59%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $23.36 is less than its 200-day moving average of $26.18. Energy XXI Bermuda Ltd's stock traded at a PE ratio of 16.08 and has an RSI of 56.21. Sign up today to read free research on EXXI at:
http://www.investor-edge.com/2026-EXXI-02May2014.pdf
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