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Royal Dutch Shell: The Losing Streak Continues (RDS.B)

Published on Tue, 10/04/2011 – 16:11
By Robert Cotter

Shares of Royal Dutch Shell (NYSE:RDS.B) traded at a new 52-week low today of $58.37. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Royal Dutch Shell has overhead space with shares priced $60.28, or 20.4% below the average consensus analyst price target of $75.71. The stock should find initial resistance at its 50-day moving average (MA) of $66.00 and further resistance at its 200-day MA of $69.54.

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 share prices have moved between a 52-week high of $78.81 and the current low of $58.37 and are currently at $60.28 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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