Large Inflow of Money Detected in ConocoPhillips

ConocoPhillips (COP) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $8.56 million worth of transactions were on upticks, whereas, the downticks accounted for $4.75 million worth of transactions. The net money flow was a positive $3.81 million and the uptick to downtick ratio was 1.8. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 7.73 in their favor. The net money flow into the stock was $3.5 million. The value of block trades done on downticks was only $0.52 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.02 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ConocoPhillips (COP) was trading at $42.8, down $0.07 during day. The stock slid -0.16% over the previous days close. For the week, the stock recorded 1.18% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 1.59%. Shares have dropped -27.97% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $59.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.95 and the 200 Day Moving Average price is recorded at $41.41.

ConocoPhillips (NYSE:COP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.51 and $42.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.02, notching a gain of 0.35% for the day. The total traded volume was 6,580,794 . The stock had closed at $42.87 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Conocophillips, Murti Arjun N had purchased shares worth of $294,300 in a transaction dated on March 9, 2016. A total of 7,500 shares were purchased at a price of $39.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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