12.8% Return Seen to Date on SmarTrend Lukoil OAO Call (LUKOY)

Jun 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Lukoil OAO (NASDAQ:LUKOY) on March 29th, 2012 at $60.25. In approximately 2 months, Lukoil OAO has returned 12.82% as of today's recent price of $52.52.

Over the past year, Lukoil OAO has traded in a range of $43.73 to $68.13 and is now at $52.52, 20% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 1.44% lower over the past week, respectively.

LUKOIL explores for, produces, refines, transports, and markets oil and gas, mainly from Western Siberia. The Company also manufactures petrochemicals, fuels, and other petroleum products. LUKOIL operates refineries, and gasoline filling stations in Russia and the United States. The Company transports oil through pipelines, and petroleum products with its fleet of ships.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Lukoil OAO.

Log in and add Lukoil OAO (LUKOY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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