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Traders Get Bullish on Shares of Endeavour International, Shares Up 5.7% (END)
Feb 20, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Endeavour International (AMEX:END) is one of today's best performing low-priced stocks, up 5.7% to $3.16 on 1.1x average daily volume. Endeavour International has traded 805,000 shares thus far today, vs. average volume of 735,000 shares per day. The stock has outperformed the Dow (5.7% to the Dow's -0.1%) and outperformed the S&P 500 (5.7% to the S&P's -0.4%) during today's trading.
Endeavour International Corporation is an international oil and gas exploration and production company that acquires, explores, and develops energy reserves. The Company conducts operations in the North Sea sectors of the United Kingdom and Norway. Endeavor holds license rights to a 3-D seismic dataset of the North Sea.
Endeavour International (AMEX:END) has potential upside of 170.3% based on a current price of $3.16 and analysts' consensus price target of $8.54. The stock should find initial resistance at its 50-day moving average (MA) of $5.40 and further resistance at its 200-day MA of $7.49.
Endeavour International share prices have moved between a 52-week high of $13.48 and the current low of $2.95 and are currently at $3.16 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 1.2%.
SmarTrend is monitoring the recent change of momentum in Endeavour International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Endeavour International in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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