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Gran Tierra Energy(GTE - Get Report) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production. This stock is trading up 1% to $5.30 in recent trading.
Today's Range: $5.29-$5.42
52-Week Range: $4.00-$6.70
Three-Month Average Volume: 516,898
>>5 Stocks Under $10 Set to Soar
From a technical perspective, GTE is starting to spike back above its 200-day moving average of $5.29 with light volume. This move is coming after GTE recently trended up from $4.90 to its recent high of $5.38. Shares of GTE are now moving within range of triggering a major breakout trade. That trade will hit once GTE manages to clear some near-term overhead resistance levels at $5.38 to $5.41, and then above more resistance at $5.75 with high volume.
Traders should now look for long-biased trades in GTE as long as it's trending above its 50-day at $5.01, and then once it sustains a move or close above those breakout levels with volume that hits near or above 516,898 shares. If that breakout triggers soon, then GTE will setup to re-test or possibly take out its next major overhead resistance levels at $6.40 to $6.65.