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Is QEP Resources, Inc. (QEP) Investing Its Way Into A Muddle?

QEP Resources, Inc. (NYSE:QEP) fell by -2.33% in Thursday’s trading session from $9.03 to $8.82. The price has fallen in 5 of the last 10 days, but is still up by 2.92% during the last two weeks. Volume has increased in Thursday’s trading session by 1.18 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 5.00 M shares exchanged hands for about $44.11 million.

Inside QEP’s Recent Trend

QEP Resources, Inc. (QEP) with 90% probability for the price to range between $6.89 and $9.43 in this timeframe. Investors sometime notices large volume spikes after a breaking of the horizontal base, and stocks rarely experience a roller coaster ride from the bottom of a trend. Stocks jumping at a middle end of a horizontal base are therefore followed in search of a potential runner.

QEP Resources, Inc. Technical Signals



QEP has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $8.87. On a drop, the stock is likely to find some support over the long run, which begins at $8.11. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

QEP Resources, Inc. (NYSE:QEP) Support And Resistance Levels

QEP Resources, Inc. (QEP) recorded volume accumulation so there will probably be a surplus of buyers at $8.57. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $9.02, $9.20 and $9.27.




Accumulated volume is going to prevent the price from rising further at $9.02 and this action will lead the price to take a temporary pause or stay muted for a few days.

QEP Resources, Inc. (QEP) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.28 between high and low, or 3.21%. The average volatility for the past week stood at 3.86%.

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