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Monday, December 12, 2011

Forest Oil (NYSE:FST) Shares Prices down dec 12 2011

Forest Oil (NYSE:FST) Shares Prices down dec 12 2011 : One of today's stocks on the move is Forest Oil (NYSE:FST), down 5.6% to $15.97. The Dow Jones Industrial Average is now trading 1.3% lower to 12,025 and the S&P is trading 1.6% lower to 1,235.

Forest Oil Corporation is involved in the acquisition, exploration, development, production, and marketing of natural gas and crude oil in North American and international locations. The Company's principal reserves and producing properties are located in the United States, including Alaska, the Gulf of Mexico, Louisiana, Oklahoma, Texas, and Wyoming, and in Canada.

There is potential upside of 26.6% for shares of Forest Oil based on a current price of $15.97 and an average consensus analyst price target of $20.21. The stock should find resistance at its 200-day moving average (MA) of $24.00, as well as support at its 50-day MA of $13.62.

In the past 52 weeks, shares of Forest Oil have traded between a low of $8.88 and a high of $40.23 and are now at $15.97, which is 80% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has advanced 1.0%. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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