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Carrizo Oil & Gas Shares Climbing Higher, Up 2.0%

Published on Thu, 04/18/2013 - 12:50
By Robert Cotter

Up 2.0% to $23.92, Carrizo Oil & Gas (NASDAQ:CRZO), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally lower to 14,590 and the S&P is trading 0.2% lower to 1,548.

Over the past year, Carrizo Oil & Gas has traded in a range of $19.03 to $31.32 and is now at $23.92, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

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.

Carrizo Oil & Gas has overhead space with shares priced $23.92, or 18.4% below the average consensus analyst price target of $29.31. The stock should find resistance at its 50-day moving average (MA) of $24.21, as well as support at its 200-day MA of $23.84.

By Robert Cotter
rcotter@fnno.com