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Hot Stock: Endeavour International, Shares Drop 29.1% (END)
Feb 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Endeavour International (AMEX:END) is one of today's worst performing low-priced stocks, down 29.1% to $3.50 on 4.0x average daily volume. Endeavour International has traded 2.4 million shares thus far today, vs. average volume of 597,000 shares per day. The stock has underperformed the Dow (-29.1% to the Dow's 0.0%) and underperformed the S&P 500 (-29.1% to the S&P's 0.0%) during today's trading.
Endeavour International (AMEX:END) has potential upside of 144.0% based on a current price of $3.50 and analysts' consensus price target of $8.54. The stock should run into initial resistance at its 50-day moving average (MA) of $5.60 and subsequent resistance at its 200-day MA of $7.63.
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.
Over the past year, Endeavour Internationalhas traded in a range of $3.42 to $13.48 and are now at $3.50. The 200-day and 50-day moving averages have moved 1.31% lower and 2.12% lower over the past week, respectively.
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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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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