Morning Research on DNR, CIE, WPX, and CLR Provides Stock Research on Denbury Resources Inc., Cobalt International Energy Inc., WPX Energy Inc., and Continental Resources Inc.

New York City, New York -- (May 02, 2013)

Last week, data from U.S. Commerce Department showed that the economy grew 2.5% in the first quarter, well below the consensus forecast of 3%. On Wednesday, a data showed that manufacturing activity in the U.S. slowed down last month. Manufacturing activity in China also slowed down in April. With the world’s two biggest oil consumers seeing a slowdown, oil prices are expected to come under pressure. This does not augur well for oil and gas companies such as Denbury Resources Inc. (NYSE: DNR), Cobalt International Energy Inc. (NYSE: CIE), WPX Energy Inc. (NSYE: WPX), and Continental Resources Inc. (NYSE: CLR). Oil and gas stocks ended mostly lower yesterday, tracking losses in the broad market which slipped after investors digested disappointing economic data. StockCall has posted free technical research reports on DNR, CIE, WPX, and CLR and these can be accessed by signing up at

Shares of Denbury Resources Inc. fell sharply in trading on Wednesday, reversing some of the gains from earlier in the week. The stock closed 1.84% lower at $17.56 on above average volume of 5.06 million. Despite the sharp decline, Denbury Resources’ shares have gained more than 1% this week. The stock saw a series of highs over the past week which is a bullish signal. Shares of DNR, however, face resistance at around $18.50. The stock has climbed 8.40% so far in 2013 as compared to a gain of nearly 11% for the S&P 500. Download the free report on DNR upon registration at

Another major loser in the oil and gas sector yesterday was Cobalt International Energy Inc. Shares of the Houston, Texas-based company ended the day 2.15% lower at $27.34 on volume of 2.73 million, taking their losses in the last three trading sessions to over 3.20%. Despite the sharp pullback this week, Cobalt International’s shares are currently trading close to their 52-week high of $29.45. The stock has gained more than 11.30% thus far in 2013. Shares of CIE are also trading above their 50-day and 200-day moving averages. CIE technical report can be accessed for free by signing up at

Shares of WPX Energy Inc. also slipped in trading on Wednesday, extending their losses for the week. The stock closed 1.79% lower at $15.35 on volume of 1.42 million, taking its losses for the week to nearly 2.50%. Shares of WPX have seen a series of lows over the past two weeks which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. WPX Energy’s shares have also slipped below their 50-day and 200-day moving averages. The free report on WPX can be downloaded by signing up now at

Shares of Continental Resources Inc. struggled in yesterday’s trading session. The stock ended the day 3.07% lower at $77.47 on volume of 1.07 million. Continental Resources’ shares have seen a pullback in the last two sessions after seeing a series of highs over the past week. The stock’s MACD chart suggests that market sentiment has turned bearish. Shares of CLR currently have support at around $72.50. Free report on CLR can be accessed by registering at

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