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What’s WPX Energy’s Price Forecast for This Week?

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WPX Energy’s implied volatility

As of December 8, 2017, WPX Energy (WPX) had an implied volatility of ~40.3%, which was lower than its implied volatility of ~47.4% at the end of 3Q17. Since the start of 3Q17, WPX’s stock price has risen ~12%, which resulted in a decrease in its implied volatility since 3Q17.

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WPX’s price range forecast

Based on WPX Energy’s implied volatility of ~40.3%, assuming the normal distribution of prices, 365 days in a year, and a standard deviation of one, its stock is expected to close between $13.63 and $12.19 in the next seven calendar days. WPX’s stock will stay in this range 68% of the time. On December 8, WPX’s stock price closed at $12.91.

Peer price range forecasts

As of December 8, 2017, Southwestern Energy (SWN) has an implied volatility of ~52.4%, which means SWN stock is expected to close between $6.23 and $5.39 in the next seven calendar days. On December 8, SWN’s stock closed at $5.81.

As of December 8, 2017, the SPDR Dow Jones Industrial Average ETF (DIA) has an implied volatility of 8.6%, which means DIA is expected to close between $246.52 and $240.72 in the next seven calendar days. On December 8, DIA’s price closed at $243.62.

Based on the inputs used in the calculation of price range, there is a 68% probability that these stocks will close in their range for the given period.

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