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Nexen Rising Today on Above-Average Volume (NXY)
[February 12, 2013]

Nexen Rising Today on Above-Average Volume (NXY)

Feb 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Nexen's stock is up 2.1% to $27.43 on heavy trading volume. Today's volume of 46.3 million shares tops the average 30-day volume of 6.0 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Nexen on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.13. Since that recommendation, shares of Nexen have risen 56.9%. We continue to monitor NXY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Nexen has traded in a range of $14.63 to $27.44 and is now at $27.42, 87% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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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