Today, shares of Whiting Petroleum (NYSE:WLL) have advanced above their 10-day MA of $42.96 on a volume of 653K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
There is potential upside of 35.8% for shares of Whiting Petroleum based on a current price of $43.88 and an average consensus analyst price target of $59.59. The stock should find initial resistance at its 50-day moving average (MA) of $44.94 and further resistance at its 200-day MA of $47.23.
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 $43.88, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.
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.