Energy Dominates Yesterday’s Biggest Movers

After crude oil surged over 14% yesterday, energy stocks unsurprisingly dominated the list of biggest movers as shown below. Of the S&P 1500’s stocks, Whiting Petroleum (WLL) gained the most yesterday with a nearly 50% gain. Volumes for WLL were also over 5 times higher than the average over the past 50 days.

While no other stock saw quite as large of a rally as WLL, 18 other stocks actually outperformed oil’s 14% gain on the day. Three of these rose over 30% and four rose over 20%. A large number also finished the day over 10% higher from Friday. For the most part, these were substantial moves within the individual stocks’ ranges as seen by the long tails in the Trading Range section of the tool shown below. Several finished the day in an extreme overbought territory over two—for some over three—standard deviations above their 50-DMAs, but there are others that actually didn’t even manage to move back above their 50-DMAs even with these monster gains. WLL is one of these which finished just under half a percent below its 50-day. 

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