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Buyers Accumulate Shares of Carrizo Oil & Gas, Up 4.5%

Published on Mon, 02/25/2013 - 11:13
By Peter Chu

One of today's notable stocks on the rise is Carrizo Oil & Gas (NASDAQ:CRZO), up 4.5% to $22.38. The Dow is trading fractionally higher to 14,009 and the S&P is currently trading fractionally higher to 1,517.

There is potential upside of 32.3% for shares of Carrizo Oil & Gas based on a current price of $22.38 and an average consensus analyst price target of $29.62. The stock should find resistance at its 200-day moving average (MA) of $23.53, as well as support at its 50-day MA of $21.41.

Carrizo Oil & Gas share prices have moved between a 52-week high of $31.62 and a 52-week low of $19.03 and are now trading 18% above that low price at $22.38 per share. The 200-day and 50-day moving averages have moved 0.52% lower and 0.02% higher over the past week, respectively.

Carrizo Oil & Gas, Inc. explores for and produces natural gas and crude oil. The Company develops and exploits onshore properties along the Texas and Louisiana Gulf Coast regions.

By Peter Chu