Stock Investors Sell Off Shares of EXCO Resources, Down 1.1%

Published on Thu, 03/28/2013 - 10:26
By Mallory Stone in Market movers, XCO, exco resources, market movers, nyse:xco

EXCO Resources (NYSE:XCO) is one of today's notable stocks in decline, down 1.1% to $7.11. The S&P is trading fractionally higher to 1,565 and the Dow is trading 0.2% higher to 14,561.

EXCO Resources (NYSE:XCO) defies analysts with a current price ($7.11) 7.7% above its average consensus price target of $6.56. The stock should hit resistance at its 200-day moving average (MA) of $7.32, as well as support at its 50-day MA of $6.81.

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

In the past 52 weeks, EXCO Resources share prices have been bracketed by a low of $5.65 and a high of $9.08 and are now at $7.11, 26% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.75% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com

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