Petroquest Energy (PQ - Get Report) is an independent oil and gas company. Petroquest has operations in Oklahoma, Texas, the Gulf Coast Basin, Arkansas and Wyoming. Its core areas also include East Texas. This stock is trading up 6.8% at $5.79 in recent trading.
Today's Range: $5.40-$6.0152-Week Range: $4.26-$8.57 Volume: 887,000 Three-Month Average Volume: 897,217 >>7 Undervalued Oil and Gas Stocks Ripe for Gains From a technical perspective, PQ is bouncing hard today off some near-term support at $5.40 with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will trigger once PQ takes out its 200-day moving average of $6.01, and then some more overhead resistance at $6.25 with high volume. Traders should now look for long-biased trades once PQ sustains a move or close above those levels with volume that's near or above 897,217 shares. If that breakout triggers soon, then look for PQ to re-test or possibly take out its next major overhead resistance levels at $6.74 to $6.84, or possibly even $7.39.
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