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Exco Resources(XCO - Get Report) is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore the U.S. oil and natural gas properties with a focus on shale resource plays. This stock is trading up 6.4% to $6.79 in recent trading.
Today's Range: $6.31-$6.84
52-Week Range: $5.65-$1.03
Volume: 3.6 million
Three-Month Average Volume: 6.3 million
From a technical perspective, XCO is moving notably higher today on light volume. This move has now pushed XCO into breakout territory above some near-term overhead resistance at $6.42. This stock is also flirting with taking out its 50-day moving average of $6.77 today.
Traders should now look for long-biased trades if XCO can manage to sustain a move or close back above its 50-day with high volume. Look for volume on that move that's near or well above 6,304,680 shares. If we get that action soon, look for XCO to re-test its next resistance levels at $7.50 to $7.88 in the near future.
Exco was also featured in "
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