|By Marketwired .||
|February 22, 2013 08:17 AM EST||
LONDON -- (Marketwire) -- 02/22/13 -- Equity markets fell sharply for a second day in a row after climbing to multi-year highs earlier in the week. All three benchmark indexes ended the day in red. The Dow Jones finished the day 0.34% lower at 13,880.62, the S&P 500 ended the day 0.63% lower at 1,502.42, and the NASDAQ ended the day 1.04% lower at 3,131.49. At the end of Thursday's trading session, our research team took notice of Independent Oil & Gas stocks, Ultra Petroleum Corp. (NYSE: UPL), Linn Energy LLC (NASDAQ: LINE) and Quicksilver Resources Inc. (NYSE: KWK). Wall Street Active research team has completed free research on UPL, LINE and KWK. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
Ultra Petroleum's Shares Edge Higher
Shares of Ultra Petroleum edged higher on Thursday even as the broad market fell sharply. The stock closed 0.73% higher at $16.53 on above average volume of 5.01 million. For the week, Ultra Petroleum shares have gained more than 3.3%. Despite the recent gains, the stock is down nearly 9% for the year. Ultra Petroleum shares have rebounded this week after bottoming out at around $16. The stock's recent volume activity suggests that market sentiment has turned bullish on the stock. Sign up today and get useful insight about UPL for free at
Linn Energy's Shares Rise Sharply
Shares of Linn Energy LLC rose sharply in Thursday's trading session after the company announced that it will acquire Berry Petroleum Co. The stock rose 2.81% to finish the day at $37.68 on above average volume of 4.16 million. For the week, Linn Energy's shares have gained nearly 5%. The stock moved above their 50-day and 200-day moving averages as a result of the gains this week. This is a bullish signal. The bullish trend is further confirmed by recent volume activity and the stock's MACD chart. Free report on LINE can be accessed by registering at
Quicksilver Resources' Shares Down Sharply for the Week
Shares of Quicksilver Resources have fallen sharply this week. The stock is down more than 4% for the week. On Thursday, it ended flat at $2.08. Year-to-date, the stock has fallen more than 27%. The stock is now trading well below its 50-day and 200-day moving averages, which is a strong bearish signal. The bearish trend is confirmed by the MACD chart. The stock's MACD is trading below the signal line and the zero line. Register with Wall Street Active and download the research on KWK for free at
Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.
Ravi S. Kapur
Telecommunication, Information & Data Manager
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