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Devon Energy Is The Ugly Duckling Energy Stock Today

 This morning most of the leading energy stocks are trading sharply higher. Devon Energy Corp.(NYSE:DVN) has been surging to the upside on the daily chart, however, today the stock is pulling back as investors take some profits off the table. DVN will have minor intra-day support around the $86.50 area and more intra-day support around the $86.00 level. It is always important to be careful when stocks decline in strong markets as they have weak intra-day relative strength.

Nicholas Santiago