PrimeEnergy Resources Corporation (PNRG)

PrimeEnergy Resources Corporation is trading at $217.25, up 1.11% on the session. The 50 day average sits at $205.69 and the 200 day at $200.25, which puts the stock in a uptrend. RSI is at 58.7, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $209.04 with resistance near $218.00, so that band frames the current range. Average daily movement is roughly $7.69, or about 3.5% of the share price, which is what any stop placement has to allow for. The overall health score of 75 out of 100 combines a trend score of 97, momentum of 76 and a risk score of 40.

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates wells and owns non-operating interests and royalties. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is based in Houston, Texas.