EDC, PXP, PRIM – Free Analysis – September 25, 2017

Energy Development Corp (EDC) gapped down today after news that tendered shares totaling 10.472 billion exceeded the 8.9 billion shares PREHC intended to purchase. As a result, the 1.572 billion shares will be returned to the relevant tendering shareholders.

EDC gapped down today as a result of the announcement. The 15 EMA has just made a bearish crossover with the 20 SMA. Volume is also increasing. MACD has turned bearish. RSI is also bearish and has hit oversold levels. Support is estimated at 5.25 while resistance is expected at 5.47 followed by 5.71.

EDC - Daily Chart - Intraday - September 25, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 5.70 intraday. Majority of the trades were recorded at 5.80. Current price is at 5.70  This means that 5.800 is a significant level and may act as resistance intraday.

EDC - Price Volume Distribution - Intraday - September 25, 2017 v2

PXP Energy Corporation (PXP) is again extending its bullish run. The moving averages are still bullishly aligned. Volume is still growing. MACD is bullish while RSI is bullish but is in extremely overbought levels. Support is estimated at 8.61 followed by 7.78 while resistance is expected at 9.70.

PXP - Daily Chart - Intraday - September 25, 2017Price-Volume Distribution

Majority of the volume was recorded at price 9.00 intraday. Majority of the trades were recorded at the same level. Current price is at 9.09  This means that 9.00 is a significant level and may act as support intraday.

PXP - Price Volume Distribution - Intraday - September 25, 2017

Prime Media Holdings, Inc (PRIM) continues its uptrend. The 15 EMA has already made a bullish crossover with the 50 SMA. The 20 SMA is poised to do the same. Volume is increasing as well. MACD is bullish and RSI is also bullish but is at overbought levels. Support is estimated at 1.32 while resistance is expected at 1.54.

PRIM - Daily Chart - Intraday - September 25, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 1.50 intraday. Majority of the trades were recorded at the same level. Current price is at 1.51  This means that 1.50 is a significant level and may act as support intraday.

PRIM - Price Volume Distribution - Intraday - September 25, 2017

This intraday analysis is the free version of our premium Daily Stock Analysis service.  Our premium analysis has these components:

  1. Technical Analysis
  2. Fundamental Analysis
  3. Volume Analysis
  4. Foreign Fund Flow Analysis
  5. Online Foreign Brokers Transaction Analysis
  6. Top 10 Players Analysis
  7. Price-Volume Distribution Analysis
  8. Risk Level Analysis
  9. Analyst’s Overall Sentiment

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