Whiting Petroleum (NYSE:WLL) is one of today's notable stocks on the rise, up 2.2% to $43.23. The S&P is currently trading 0.4% higher to 1,415 and the Dow Jones Industrial Average is trading fractionally higher to 13,011.
In the past 52 weeks, shares of Whiting Petroleum have traded between a low of $35.68 and a high of $63.97 and are now at $43.23, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.
Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities. The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-Continent regions of the United States.
Whiting Petroleum has overhead space with shares priced $43.23, or 27.4% below the average consensus analyst price target of $59.59. The stock should run into initial resistance at its 50-day moving average (MA) of $45.63 and subsequent resistance at its 200-day MA of $47.44.