[May 23, 2012] Upgrade Alert for Whiting Petroleum (WLL) Tweet May 23, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Whiting Petroleum (NYSE:WLL) was upgraded from Hold to Buy at Societe Generale today. The stock closed yesterday at $45.88 on volume of 1.7 million shares, below average daily volume of 1.8 million. Whiting Petroleum share prices have moved between a 52-week high of $69.29 and a 52-week low of $28.87 and closed yesterday at 59% above that low price at $45.88 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.3%. Potential upside of 50.8% exists for Whiting Petroleum, based on a current level of $45.88 and analysts' average consensus price target of $69.21. Whiting Petroleum shares should first meet resistance at the 200-day moving average (MA) of $48.75 and find additional resistance at the 50-day MA of $52.94. Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities. The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-Continent regions of the United States. SmarTrend recommended that its subscribers protect gains by selling shares of Whiting Petroleum on May 4th, 2012 by issuing a Downtrend alert when the shares were trading at $51.87. Since that call, shares of Whiting Petroleum have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]