Quicksilver Resources (KWK) is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America. This stock closed up 4.3% to $4.33 in recent trading.
Thursday's Range: $4.14-$4.3552-Week Range: $2.93-$8.87 Volume: 2.2 million Three-Month Average Volume: 3.3 million From a technical perspective, KWK bounced higher right off its 50-day moving average of $4.12 with light volume. This move is following a recent bounce from $3.28, and some recent coiling of the share price right around its 50-day. Traders should now look to play the next major breakout trade for KWK. That trade will hit once it manages to clear some near-term overhead resistance levels at $4.39 to $4.49, and then $4.81 to $5 with high volume. Traders should now look for long-biased trades in KWK as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3,291,360 shares. If that breakout triggers soon, then look for KWK to re-test or possibly take out its next major overhead resistance levels at $5.97 to $6.25, or possibly even $7. To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
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