LONDON, April 17, 2013 /PRNewswire/ --
Reports about continuation of monetary stimulus helped markets regain their optimistic
sentiments. Strong earnings reports also pulled the stocks higher. Markets are expected to
remain strong this week as the major companies announce their quarterly figures. The basic
materials sector remained mixed with a bullish bias. Exxon Mobil Corporation (NYSE: XOM)
and BP plc (NYSE: BP) remained neutral while Encana Corporation (NYSE: ECA) and Royal
Dutch Shell Plc (NYSE: RDS.B) showed gains. StockCall analysts initiated preliminary
technical research on XOM, BP, ECA, and RDS-B. These free reports are accessible by
signing today at
http://www.stockcall.com/register
Exxon Mobil Corporation closed its latest trading session at $86.61, up 0.14 percent
from its previous close. The stock traded in the range of $86.08 and $87.23 in Tuesday's
session and traded 14.58 million shares. It is likely to face its first resistance level
at $87.69 and upon breaching this level the stock may go up to $88.21. On the downside,
Exxon Mobil may tumble to $86.55 level. The stock is neutral as it sports the beta of
0.49. So far in 2013, it grew 1.77 percent whereas in the past 52 weeks, it gained 4.41
percent of its value. The stock is in a bullish mode. The free technical analysis on XOM
is available by signing up at
http://www.StockCall.com/XOM041713.pdf
BP plc's stock is down 0.17 percent on a YTD basis, thanks to its 0.46 percent gain in
the previous trading session. The stock closed at $41.15 after trading in the range of
$41.00 and $41.38 on Tuesday. The stock shows a neutral streak and may touch $41.24 level.
Its second resistance level is at $41.60. It traded 6.20 million shares during yesterday's
session, up from its average trading volume of 6.05 million. BP declined 2.37 percent in
the past 52 weeks, and the stock has traded in the range of $36.25 and $45.45 in the same
time period. It is currently trading below its short-term moving average price of $41.62
and long-term moving average price of $41.55. Register now to download the free research
on BP at
http://www.StockCall.com/BP041713.pdf
Encana Corporation's stock trimmed its YTD losses with 0.85 percent gain in
yesterday's session. The stock traded in the range of $18.42 and $19.02 and closed at
$18.90. However, it traded lower than average number of shares at 3.38 million. The stock
is in a neutral mode and is likely to maintain its upward ascent in the coming sessions.
Its first resistance level is at $19.10 and upon breaching this level, may go as high as
$19.49. ECA may test the support level of $18.44 in the coming trading sessions. The stock
is also trading below its 20-day moving average price and 50-day moving average price.
Free report on ECA can be accessed by registering at
http://www.StockCall.com/ECA041713.pdf
Royal Dutch Shell Plc traded in the range of $66.24 and $66.63 in its latest trading
session and ended the day at $66.57, up 1.08 percent. The stock's 52 weeks range stands at
$63.05 and $76.13. The company's stock has lost 3.24 percent of its value in the past 12
months, while it declined 5.87 percent on a YTD basis. The stock is in a neutral mode and
may find its first support level at $18.44. It is trading below its 20-day moving average
of $66.68. Register with StockCall and download the research on RDS-B for free at
http://www.StockCall.com/RDS-B041713.pdf
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SOURCE StockCall.com
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