Stock Investors Sell Off Shares of SandRidge Energy, Down 1.1%

Published on Thu, 03/28/2013 - 10:26
By Robert Cotter in Market movers, sd, market movers, nyse:sd, sandridge energy

SandRidge Energy (NYSE:SD) is a company whose shares are active, trading 1.1% lower to $5.31. The Dow Jones Industrial Average is now trading 0.2% higher to 14,561 and the S&P is trading fractionally higher to 1,565.

SandRidge Energy, Inc. explores, develops, and produces natural gas and crude oil in the United States. The areas of operation are West Texas, East Texas, and the Gulf Coast. The Company also has C02 treating and transportation facilities and tertiary oil recovery operations.

SandRidge Energy has overhead space with shares priced $5.31, or 18.5% below the average consensus analyst price target of $6.52. The stock should run into initial resistance at its 50-day moving average (MA) of $6.08 and subsequent resistance at its 200-day MA of $6.43.

In the past 52 weeks, SandRidge Energy share prices have been bracketed by a low of $4.81 and a high of $8.32 and are now at $5.31, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.2%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...