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Bill Barrett Makes a Move: Up 2.3%

Published on Tue, 02/19/2013 - 13:23
By Adrienne Chilton

Bill Barrett (NYSE:BBG) is one of today's biggest movers, up 2.3% to $16.61. The Dow is up 0.3% to 14,019 and the S&P is currently up 0.5% to 1,527.

Bill Barrett has overhead space with shares priced $16.61, or 32.4% below the average consensus analyst price target of $24.58. Bill Barrett shares should first meet resistance at the 50-day moving average (MA) of $17.84 and find additional resistance at the 200-day MA of $20.44.

Bill Barrett Corporation is an independent oil and gas company focused on natural gas exploration and development in the Rocky Mountain region of the United States.

Over the past year, Bill Barrett has traded in a range of $15.42 to $30.76 and is now at $16.61, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.7%.

By Adrienne Chilton