EXCO Resources Rises 8.78% on Heavy Volume: Watch For Potential Pullback
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[February 14, 2012]

EXCO Resources Rises 8.78% on Heavy Volume: Watch For Potential Pullback

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- EXCO Resources (NYSE:XCO) traded in a range yesterday that spanned from a low of $6.87 to a high of $7.45. Yesterday, the shares gained 8.8%, which took the trading range above the 3-day high of $7.44 on volume of 9.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Over the past year, EXCO Resources has traded in a range of $6.80 to $21.04 and is now at $7.43, 9% above that low. The 200-day and 50-day moving averages have moved 1.5% lower and 2.66% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of EXCO Resources on December 13th, 2011 by issuing a Downtrend alert when the shares were trading at $10.42. Since that call, shares of EXCO Resources have fallen 34.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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