Oil & Gas Sector Bouncing Back

The Oil & Gas Sector, which took a beating in yesterday's trading session, is leading the market in today's action, currently up 1% on the day. The best performing stocks in the S&P 500 Oil & Gas Sector currently are: 1) Cabot Oil & Gas COG: Shares of Cabot Oil & Gas are currently trading up 6.2% from yesterday's close to $61.83. The stock hit a 52-week high of $62.37 in today's trading session. The year-to-date performance of Cabot has been a gain of 63%. 2) Cameron International CAM: Shares of Cameron International are currently trading up 2.2% from yesterday's close to $46.13. The stock's 50-day simple moving average has crossed below its 200-day simple moving average in today's session (one year daily chart), which is a bearish technical indicator known as the “Death Cross.” 3) ConocoPhillips COP: Shares of ConocoPhillips are currently trading up 2.2% from yesterday's close to $72.15. The stock has been stuck in a tight consolidation range since May 5th ($70 to $74.11). A break above or below either level could provide for a large percentage move. 4) Rowan Companies RDC: Shares of Rowan Companies are currently trading up 1.7% from yesterday's close to $36.67. The stock is currently building support upon its 200-day simple moving average (one year daily chart), which is currently at $35.77. 5) Range Resources RRC: Shares of Range Resources are currently trading up 2% from yesterday's close to $52.50. The stock is near key support at $50.55. After that, no support comes into play until $46.18. Weakness in the Sector: Despite overall strength, the following stocks are currently underperforming their counterparts in today's action: 1) Anadarko Petroleum APC: Shares of Anadarko Petroleum are currently trading down 0.7% from yesterday's close to $71.03. The stock is looking to break below its 200-day simple moving average (one year daily chart), which is currently at $70.83. Shares have lost 11% over the past 14 trading sessions. 2) Noble Energy NBL: Shares of Noble Energy are currently trading down 0.4% from yesterday's close to $84.22. The stock broke below its 200-day simple moving average (one year daily chart) in yesterday's session. The stock's next support level comes into play around $82.03. 3) Chesapeake Energy CHK: Shares of Chesapeake Energy are currently trading down 0.2% from yesterday's close to $28.69. The stock has key support at $27.19. After that, no support comes into play until $23.11.