Penn Virginia (PVA - Get Report) is an independent oil and gas company primarily engaged in the exploration, development and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent and Mississippi. This stock is trading up 12.8% to $5.60 in recent trading.
Today's Range: $4.90-$5.6652-Week Range: $3.92-$15.47 Volume: 1.2 milion Three-Month Average Volume: 1.29 million >>7 Energy Stocks That Investors Have All Wrong From a technical perspective, PVA is skyrocketing here on decent volume. This move has pushed the stock into breakout territory since it has moved above some near-term overhead resistance at $5.44. Traders should now look for long-biased trades off the next major breakout for PVA. That breakout will hit once PVA takes out its 200-day moving average of $6.06 and then some past overhead resistance at $6.36. Look for volume on that move that's near or above 1,289,070 shares. If we get that action soon, look for PVA to hit $7 to $8.50 in the near future.
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