Energy XXI (EXXI - Get Report) is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico. This stock is trading up 4.6% at $36.75 in recent trading.
Today's Volume: 895,000Average Volume: 867,737 Volume % Change: 86% From a technical standpoint, EXXI is trading up sharply today on decent volume above some past overhead resistance at $35.36 to $35.41. This move now setups EXXI to re-test its 2011 high of $37.20. If we get that re-test soon, then traders should look to play the breakout above $37.20 if it comes on high-volume. Look for volume on a move above $37.20 that registers near or well above 867,737 shares. If we get that action, then this stock has a great chance to re-test its all-time high of around $40. Energy XXI shows up on a recent list of 4 Upgraded, Undervalued Stocks.
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