What Whiting Petroleum’s Stock Movements Indicate
Whiting Petroleum’s moving averages
Whiting Petroleum is currently trading below its 50-day moving average (or DMA). On September 13, 2017, WLL stock was trading 3.1 % below its 50 DMA.
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WLL’s 50-DMA crossed under its 200-DMA in late April this year. Usually, when a short-term moving average crosses under a long-term moving average, traders consider it a bearish sign.
WLL’s stock had been showing a rising trend since September last year up until the initial months of this year, mirroring increasing crude oil prices. As a result, WLL’s stock was trading above both its 50-DMA and 200-DMA, and the 50-DMA ended up crossing over its 200-DMA. However, as crude oil prices started falling, WLL’s stock took a downturn, crossing under the 50-DMA and soon after the 200-DMA. For more insights into WLL’s stock movements, read Would You Be Willing to Bet on Whiting Petroleum?