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Tickers in this Article: SM, ROSE, RRC, XEC, CEO, PTR, SNP
The market is having a good day so far: the Nasdaq is trading up 0.3%; the S&P 500 has moved up 0.6%; and the Dow has risen 0.3%.

The Oil and Gas Operations sector (DIG) is up 2.3%, outperforming the market overall. The biggest movers in the sector so far are:
CompanyMarket CapPercentage Change
SM (NYSE:SM)$3.46 billion+5.8%
Rosetta Resources (Nasdaq:ROSE)$2.37 billion+4.2%
Range (NYSE:RRC)$11.42 billion+4.1%
Cimarex (NYSE:XEC)$5.11 billion+3.8%
CNOOC Limited (NYSE:CEO)$88.86 billion+3.4%
PetroChina Company Limited (NYSE:PTR)$239.92 billion+2.7%
China Petroleum & Chemical Corp (NYSE:SNP)$85.23 billion+2.5%
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Rising 5.8%, SM (NYSE:SM) is currently trading at $56.25 per share. The company's volume is currently 467,965 shares for the day, in keeping with its current daily average. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.

Rosetta Resources (Nasdaq:ROSE) is currently trading at $46.65 per share, a 4.2% increase. So far today, 132,192 shares have changed hands. If a stock price makes a big move up or down, volume lets us know the significance of that move.

Range (NYSE:RRC) is at $73.12 per share after an increase of 4.1%. The company's volume for the day so far is 819,526 shares, 0.6 times its current three-month average. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is.

Cimarex (NYSE:XEC) has risen 3.8% to hit a current price of $61.68 per share. The company's volume is currently 333,309 shares. This is about the same trading activity as there was yesterday. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.

After rising 3.4%, CNOOC Limited (NYSE:CEO) is currently trading at a share price of $205.82. So far today, the company's volume is 50,433 shares, 0.6 times the average daily volume. Volume is an important indicator because it indicates how significant a price shift is.

PetroChina Company Limited (NYSE:PTR) is up 2.7% to reach a current price of $134.58 per share. The company's volume for the day so far is 73,318 shares. Volume indicates the level of interest that investors have in a company at its current price.

After an increase of 2.5%, China Petroleum & Chemical Corp (NYSE:SNP) has reached a current price of $100.63. At 77,890 shares, the company's volume so far today is one times the current three-month average. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

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