THE share price of Tullow Oil continues to eye the £14 mark, a move that would take the stock to fresh all-time highs. Buoyant crude prices are doubtless helping the sector as a whole but with some recent positive drilling updates having also been seen, the company is certainly starting the new year on the right foot. The current IG Markets price on Tullow Oil is 1,346p-1,347p.
Exxon Mobil has been trading consistently higher for around six months and is at a 52-week high. The relative strength index (RSI) is above 70, meaning that it may be in a lasting uptrend. But beware, it may also mean that the stock is overbought. Exxon provides a consistent quarterly dividend of $0.44 per share and is due to report fourth quarter 2010 earnings at the end of this month. With these factors in mind some investors see further upside potential to its share price. Capital CFDs quotes $75.56-$75.57.
Barratt Developments will be publishing its results on Wednesday, following a year in which home owners have had to deal with house prices falling again. Mortgage lending is still tight, so the demand for homes is likely to remain low. This has been a tough couple of years for Barratt. Its last trading statement reported a drop in the number of sites, which investors see as a sign of a more robust balance sheet. Cantor Index offers a spread of 92.4p-92.8p.
It’s a big week for retailers with supermarkets and high-street retailers issuing updates. Dunelm Group tacked on 39 per cent to its price last year but is now showing signs of fatigue. At 515p it has fallen below some shorter term moving averages and is threatening to break below support level of around 500p. If the trading update today disappoints, a drop to 480p is likely. Spread Co offers a spread of 514.6p-518.9p.