EXCO Resources NL (XCO) Shares are Up 1.55%

EXCO Resources NL (XCO) has been under a strong bear grip, hence the stock is down -5.61% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.93% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.55% in the last 1 week, and is up 0.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

EXCO Resources NL (NYSE:XCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.29 and $1.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.31, notching a gain of 3.15% for the day. The total traded volume was 2,367,510 . The stock had closed at $1.27 on the previous day.


The stock has recorded a 20-day Moving Average of 1.47% and the 50-Day Moving Average is 16.71%. EXCO Resources Inc. has dropped 5.76% during the last 3-month period . Year-to-Date the stock performance stands at 5.65%.

EXCO Resources Inc. is an oil and natural gas company engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Companys principal operations are conducted in certain United States oil and natural gas areas including Texas, Louisiana and the Appalachia region. The Company focuses on the development of its core areas. This includes a portfolio of both oil and natural gas assets that provide the Company the optionality to allocate capital to enhance its returns under various commodity price environments. The Company holds acreage positions in three shale plays in the United States: East Texas and North Louisiana, where it holds around 85,300 net acres in the Haynesville and Bossier shales; South Texas, where it holds approximately 52,900 net acres in the Eagle Ford shale; and Appalachia, where it holds around 157,000 net acres prospective in the Marcellus shale.

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