Nexen Rising Today on Above-Average Volume (NXY)

Feb 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Nexen's stock is up 2.1% to $27.43 on heavy trading volume. Today's volume of 46.3 million shares tops the average 30-day volume of 6.0 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Nexen on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.13. Since that recommendation, shares of Nexen have risen 56.9%. We continue to monitor NXY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Nexen has traded in a range of $14.63 to $27.44 and is now at $27.42, 87% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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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