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Tuesday, November 8, 2011

Shares of Bankers Petroleum Receive a Boost, Up 8.4%

Published on Thu, 10/27/2011 - 10:16
By Robert Cotter in Market movers, BNKJF, bankers petroleum, market movers, nasdaq:bnkjf

One of today's stocks on the move is Bankers Petroleum (NASDAQ:BNKJF), up 8.4% to $5.45. The S&P is currently trading 2.2% higher to 1,269 and the Dow Jones Industrial Average is trading 2.1% higher to 12,101.

In the past 52 weeks, Bankers Petroleum share prices have been bracketed by a low of $2.84 and a high of $10.15 and are now at $5.45, 92% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

Bankers Petroleum (NASDAQ:BNKJF) has potential upside of 65.2% based on a current price of $5.45 and analysts' consensus price target of $9.00. The stock should find resistance at its 200-day moving average (MA) of $7.05, as well as support at its 50-day MA of $4.36.

Bankers Petroleum Ltd. is an oil and gas exploration and production company. The Company has a working interest in the Patos-Marinza oil field in Albania.

By Robert Cotter