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Market Major Trends: Denbury Resources, WPX Energy, Cobalt Intl. Energy, and Continental Resources

LONDON, December 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

On Friday, December 06, 2013, the US equity market finished the day on a higher note. The S&P 500 ended the day at 1,805.09, up 1.12%; the Dow Jones Industrial Average closed at 16,020.20, up 1.26%; and the NASDAQ Composite finished at 4,062.52, up 0.73%. The S&P 500 Energy Sector Index ended the day at 632.93, up 0.53%. However, the S&P 500 Oil & Gas Exploration and Production Sub Industry Index fell 1.13% to close the day at 617.52, and the same fell 0.08% in the previous three months, underperforming the S&P 500, which has gained 7.98% during the same period. The major movers in the industry included Denbury Resources Inc. (NYSE: DNR), WPX Energy Inc. (NYSE: WPX), Cobalt International Energy Inc. (NYSE: CIE), and Continental Resources Inc. (NYSE: CLR). AAAResearchReports.com has completed their technical analysis on DNR, WPX, CIE, and CLR and these free reports are accessible by registering at:

http://www.aaaresearchreports.com/register/  

On Friday, Denbury Resources Inc.'s stock declined 1.33%, closing the day at $16.27, after oscillating between $16.17 and $16.68 during the trading session. A total of 4.92 million shares were traded, which is below the daily average volume of 5.22 million. The company's shares have fallen by 2.92% in the previous three trading sessions, underperforming the S&P 500, which has gained 0.55% during the same period. Additionally, Denbury Resources Inc.'s stock is trading below its 50-day and 200-day moving averages of $18.15 and $17.93, respectively. Sign up for free technical research on DNR at:

http://www.AAAResearchReports.com/DNR120913.pdf

WPX Energy Inc.'s stock traded between $18.24 and $18.76 before ending Friday's session 1.77% lower at $18.29. A total of 2.45 million shares were traded, which is above the daily average volume of 2.38 million. The company's shares have fallen by 1.93% in the last one month, underperforming the S&P 500, which has gained 1.95% during the same period. Moreover, WPX Energy Inc.'s stock is trading below its 50-day and 200-day moving averages of $20.04 and $18.57, respectively. Be sure to read our latest technical research on WPX by registering at:

http://www.AAAResearchReports.com/WPX120913.pdf

On Friday, shares in Cobalt International Energy Inc. declined to finish the day at $17.14, down 2.28%, hitting a new 52-week low of $16.91. The company's shares fluctuated between $16.91 and $17.76 during the trading session. A total of 3.48 million shares were traded, which is below the daily average volume of 3.50 million. The company's shares have fallen by 2.11% in the previous three trading sessions, underperforming the S&P 500, which has gained 0.55% during the same period. Furthermore, Cobalt International Energy Inc.'s stock is trading below its 50-day and 200-day moving averages of $22.56 and $25.78, respectively. Sign up and read the complimentary report on CIE at:

http://www.AAAResearchReports.com/CIE120913.pdf

Shares in Continental Resources Inc. plummeted on Friday, to end the day at $105.53, down 3.21% from the previous day's closing price of $109.03. The company's shares fluctuated between $104.50 and $110.97 during the trading session. A total of 1.86 million shares were traded, which is above the daily average volume of 1.38 million. Despite Friday's losses, the company's shares have gained 7.63% in the previous three months, compared to a gain of 7.98% in the S&P 500, during the same period. However, Continental Resources Inc.'s stock is trading above its 200-day moving average of $94.77, respectively. The free report on CLR can be downloaded by signing up now at:

http://www.AAAResearchReports.com/CLR120913.pdf

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