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

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of Whitecap Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Read Our Latest Analysis on SPGYF

Whitecap Resources Stock Performance

The stock’s 50 day moving average price is $6.79 and its 200-day moving average price is $6.60.

About Whitecap Resources

(Get Free Report)

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.

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