NEW YORK, NY / ACCESSWIRE / November 30, 2018 / U.S. markets closed lower on Thursday as investors await details from this weekend's trade meeting between President Trump and Chinese President Xi Jinping. The Dow Jones Industrial Average fell 0.11 percent to close at 25,338.84, while the S&P 500 Index decreased 0.22 percent to close at 2,737.76. The Nasdaq Composite Index fell 0.25 percent to close at 7,273.08.
The Market Edge Initiates Coverage on:
Cenovus Energy Inc.
https://marketedgereport.com/report/CVE/
Oasis Petroleum Inc.
https://marketedgereport.com/report/OAS/
Cenovus Energy's stock jumped 5.92% Thursday, to close the day at $7.34. The stock recorded a trading volume of 6,763,568 shares, which was above its three months average volume of 4,225,112 shares. In the last year, Cenovus Energy's shares have traded in a range of 6.89 - 11.47. The share price has gained 6.53% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $8.38 is below its 200-day moving average of $9.54. Shares of Cenovus Energy have fallen roughly 11.57 percent in the past month and are down 19.61 percent year-to-date.
Access The Market Edge's Cenovus Energy Inc. Research Report:
https://marketedgereport.com/report/CVE/
On Thursday, shares of Oasis Petroleum recorded a trading volume of 10,466,252 shares, which was above the three months average volume of 8,396,045 shares. The stock ended the day 1.62% higher at $7.51. The share price has fallen 48.46% from its 52 week high with a 52 week trading range of 7.20 - 14.57. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $9.94 is below its 200-day moving average of $12.04. Shares of Oasis Petroleum have fallen roughly 22.50 percent in the past month and are down 10.7 percent year-to-date.
Access The Market Edge's Oasis Petroleum Inc. Research Report:
https://marketedgereport.com/report/OAS/
Our Actionable Research on Cenovus Energy Inc. (NYSE :CVE) and Oasis Petroleum Inc. (NYSE :OAS) can be downloaded free of charge at The Market Edge.
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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
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SOURCE: MarketEdgeReport
Source: ACCESSWIRE Investor Awareness
(November 30, 2018 - 7:55 AM EST)
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