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Downgrade Alert for Whiting Petroleum (WLL)
[January 18, 2013]

Downgrade Alert for Whiting Petroleum (WLL)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Whiting Petroleum (NYSE:WLL) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $48.90 on volume of 1.4 million shares, above average daily volume of 1.3 million. 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.

Whiting Petroleum share prices have moved between a 52-week high of $63.97 and a 52-week low of $35.68 and closed yesterday at 37% above that low price at $48.90 per share. The 200-day and 50-day moving averages have moved 0.28% lower and 1.04% higher over the past week, respectively.

There is potential upside of 21.0% for shares of Whiting Petroleum based on a current price of $48.90 and an average consensus analyst price target of $59.17. The stock should discover initial support at its 200-day moving average (MA) of $45.24 and subsequent support at its 50-day MA of $43.93.

SmarTrend is monitoring the recent change of momentum in Whiting Petroleum. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Whiting Petroleum in search of a potential trend change.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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