WPX dropped 10 cents today during a market rally but oil was down and looking at the low volume that is the sign of a strong stock.
This is weird part of the thread disappeared Anyway WPX ran like it was a jail break today and did give back some of its gains as oil and the market retreated some.
Thanks Chris, what happened I was making a post and accidentally closed out the browser. When I pulled it back up at least 3 or 4 posts were gone.
OIL is at the bottom of the trading channel and WPX down on that but not as it much as when oil was at that level last week. Unless the channel changes their should be a bounce coming in the near term. If not look out below
WPX Energy Inc. (WPX) Rating Increased to Outperform at Robert W. Baird WPX Energy Inc. (NYSE:WPX) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Thursday. The firm presently has a $12.00 price target on the stock, up from their prior price target of $8.00. Robert W. Baird’s target price points to a potential upside of 20.85% from the stock’s current price. http://baseballnewssource.com/marke...reased-to-outperform-at-robert-w-baird/42271/
With oil below the trading channel WPX has been holding good. I have been looking to add to my position but has not went low enough to do so. Until oil is ready to rebound new buyer may want to wait or start a small tier trade on the next decent drop.
As oil keeps dropping it has pressured WPX down. Should oil keeping falling the $9 dollar level -+ would be a good place for a 1st tier buy
I am not sure why WPX is up and the markets and oil are down. Earning are on tap before market open on August 03
It used to be if oil was down so was WPX. Now that has changed some maybe due to some upgrades and with that I may raise my exit price. The biggest concern would be if oil keeps dropping. WPX is profitable at $40 a barrel.
for info WPX Energy, Inc. (NYSE:WPX) Has Been Assigned An ABR Of 1.84 Based on the survey data released by the Zacks as of 2016-07-27, the stock of WPX Energy, Inc. (NYSE:WPX) has been assigned an ABR of 1.84 rating. The ABR of one is a signal to go ahead and invest in the stock. http://www.themarketsdaily.com/anal...ewpx-has-been-assigned-an-abr-of-1-84/177239/ TTT got there before them
I have lost count of how many times I have traded WPX. I think this may be #9 and it has been profitable to say the least. With a nice pop yesterday and outperforming the big boys from the XLE, the expectations on the ER may have a hand in it. Depending on earnings I may increase my exit price and preferably when oil is back up to $50. (ER before market open on August 03)
Stock to keep an eye on: WPX Energy, Inc. (NYSE:WPX) http://www.newsoracle.com/2016/07/29/stock-to-keep-an-eye-on-wpx-energy-inc-nysewpx-2/ TTT that tease me to count how many times I did trade WPX so I counted >>> 37 scalps + 2 swings all green (that is since we are on the new forum but look from February under $4 it came nicely way up) IMO there will be many more to come before it get to $11/12 then above good trading
