Double Eagle Petroleum (NASDAQ:DBLE), a company whose shares are moving quickly, is trading 2.1% lower to $7.00. The Dow Jones Industrial Average is now trading fractionally higher to 12,769 and the S&P is trading 0.3% lower to 1,322.
Double Eagle Petroleum (NASDAQ:DBLE) has potential upside of 57.1% based on a current price of $7.00 and analysts' consensus price target of $11.00. The stock should run into initial resistance at its 50-day moving average (MA) of $7.07 and subsequent resistance at its 200-day MA of $8.22.
Double Eagle Petroleum Co. is an oil and gas company with principal activities in the Rocky Mountain Region of the United States. The Company acquires, drills, develops, and operates oil and gas properties. Double Eagle also sells natural gas and crude oil.
In the past 52 weeks, shares of Double Eagle Petroleum have traded between a low of $5.51 and a high of $12.00 and are now at $7.00, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.3%.
