Whitecap Resources (OTCMKTS:SPGYF) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.79 and traded as low as $6.68. Whitecap Resources shares last traded at $6.79, with a volume of 1,253,043 shares trading hands.

Whitecap Resources Trading Down 0.3%

The company’s 50 day simple moving average is $6.79 and its 200-day simple moving average is $6.79.

Whitecap Resources Company Profile

(Get Free Report)

Whitecap Resources Inc is an independent exploration and production company focused on the acquisition, development and production of light and medium crude oil and natural gas properties in Western Canada. The company employs modern horizontal drilling and multi‐stage hydraulic fracturing techniques to optimize reservoir recovery and drive operational efficiency across its asset base.

Whitecap’s core operations are concentrated in Alberta and Saskatchewan, with key positions in the Montney, Viking and Duvernay formations.

See Also

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.