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Royal Dutch Shell has 14.40% Drop in Stock Price

Royal Dutch Shell (NYSE:RDS.B), which bottomed at $71.82 on 08/02/11, the day Congress resolved the debt crisis, has since dropped 14.4% to its most recent close of $61.48. Over the same time period the Dow Jones Industrial Average fell 9.7% from 11,866 to 10,720 as of the last close.

Royal Dutch Shell PLC, through subsidiaries, explores for, produces, and refines petroleum. The Company produces fuels, chemicals, and lubricants. Shell owns and operates gasoline filling stations worldwide.

Royal Dutch Shell has overhead space with shares priced $61.48, or 40.5% below the average consensus analyst price target of $86.35. Royal Dutch Shell shares should first meet with resistance at the 200-day moving average (MA) of $69.41and find additional resistance at the 50-day MA of $70.54.

Royal Dutch Shell share prices have moved between a 52-week high of $78.81 and a 52-week low of $50.48 and are now trading 22% above that low price at $61.48 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

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