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Advantage Oil & Gas(AAV - Get Report) is an intermediate oil and natural gas exploration and production company with properties located in Western Canada. This stock is trading up 3.3% to $3.97 in recent trading.
Today's Range: $3.89-$3.98
52-Week Range: $2.47-$5.52
Three-Month Average Volume: 195,292
From a technical perspective, AAV is bouncing higher here right around some near-term support at $3.84 with lighter volume. This move is quickly pushing AAV within range of triggering a major breakout trade. That trade will hit once AAV manages to take out some key overhead resistance at $4.12 to $4.39 with high volume.
Traders should now look for long-biased trades in AAV as long as it's trending above its 50-day at $3.65, and then once it sustains a move or close above those breakout levels with volume that hits near or above 195,292 shares. If that breakout triggers soon, then look for AAV to re-test or possibly take out its next major overhead resistance levels at $4.87 to $5.52.
To see more stocks 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.