Stock Investors Sell Off Shares of ConocoPhillips, Down 1.1%

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Dec 28, 2012 (Market movers via COMTEX) -- One of today's notable stocks in decline is ConocoPhillips (NYSE:COP), down 1.1% to $57.24. The Dow Jones Industrial Average is now trading 0.5% lower to 13,035 and the S&P is trading 0.4% lower to 1,412.

ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.

There is potential upside of 8.2% for shares of ConocoPhillips based on a current price of $57.24 and an average consensus analyst price target of $61.95. ConocoPhillips shares have support at the 50-day moving average (MA) of $57.17 and additional support at the 200-day MA of $56.05.

In the past 52 weeks, ConocoPhillips share prices have been bracketed by a low of $50.62 and a high of $59.68 and are now at $57.24, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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Copyright, Comtex News Network, Inc. 2012

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