Vaalco Energy (EGY) is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. This stock is trading up 5.8% to $8.72 in recent trading.
Today's Range: $8.25-$8.7852-Week Range: $5.13-$10.32 Volume: 133,000 Three-Month Average Volume: 450,465 >>8 Stocks With Big Dividends, Steady Returns From a technical perspective, EGY is rocketing higher here right off its 50-day moving average of $8.22 with light volume. This move is quickly pushing EGY within range of triggering a near-term breakout trade. That trade will hit once EGY manages to take out some near-term overhead resistance at $8.75 with high volume. At last check, EGY has hit an intraday high of $8.78 and volume is well below its three-month average action of 450,465 shares. Traders should now look for long-biased trades in EGY as long as it's trending above $8.22 to $8.75 with strong upside volume flows. I would consider any upside volume day that registers near or above 450,465 shares as bullish. If EGY can manage to sustain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $9.60 to $9.65, and then its 52-week high of $10.32. Keep in mind that any move above $10.32 will push EGY into new 52-week-high territory, which is bullish price action. Some possible targets above that level are north of $11.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV