EXCO Resources Makes a Move: Up 1.2%

Published on Fri, 11/30/2012 - 11:24
By Adrienne Chilton in Market movers, XCO, exco resources, market movers, nyse:xco

EXCO Resources (NYSE:XCO), a company whose shares are moving quickly, is trading 1.2% higher to $7.82. The Dow Jones Industrial Average is now trading fractionally lower to 13,012 and the S&P is trading fractionally lower to 1,414.

EXCO Resources, Inc. explores for oil and natural gas. The Company operates in onshore locations in the United States.

In the past 52 weeks, shares of EXCO Resources have traded between a low of $5.65 and a high of $12.36 and are now at $7.82, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

EXCO Resources (NYSE:XCO) is currently priced 10.5% above its average consensus analyst price target of $7.00. The stock should hit resistance at its 50-day moving average (MA) of $7.91, as well as support at its 200-day MA of $7.31.

By Adrienne Chilton
achilton@fnno.com

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