Whiting Petroleum spikes higher off early low, levels to watch The stock has recouped most of this morning's early losses, with the move being attributed to renewed, unconfirmed, takeover speculation. At the current price of $50.28, next resistance is at $50.55 and then at $50.71. Support is at $50.
Whiting Petroleum downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded Continental Resources to Neutral and lowered its price target to $27 from $38. The firm downgraded shares based on potential extended commodity weakness and the impact on investment.