FX Energy (FXEN - Get Report) is an independent oil and gas exploration and production company with production, appraisal and exploration activities in Poland. This stock is trading up 6.1% at $8.46 in recent trading.
Today's Range: $7.95-$8.5152-Week Range: $3.67-$8.25 Volume: 534,000 Three-Month Average Volume: 319,451 >>9 Oil Stocks With Hot Prospects From a technical perspective, FXEN is ripping solidly to the upside here with above-average volume. This move has spiked FXEN into breakout territory, since the stock has pushed above some near-term overhead resistance levels at $8.19 to $8.25. Traders should now look for long-biased trades in FXEN as long as it's trending above $7.75 with strong upside volume flows. I would consider any upside volume day that registers near or above 319,451 shares as bullish. If FXEN can maintain that trend, especially above those breakout levels, then this stock will have a great chance of re-testing or possibly taking out its next significant overhead resistance level at $10.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts