Constellation Energy Partners
Constellation Energy Partners (CEP) is focused on the acquisition, development and production of oil and natural gas properties as well as related midstream assets. This stock is trading up 3.4% to $1.47 in recent trading.
Today's Range: $1.43-$1.4952-Week Range: $1.20-$3.24 Volume: 33,000 Three-Month Average Volume: 35,735 >>5 Takeover Targets to Buy Before Wall Street Finds Out From a technical perspective, CEP is pushing higher here after the stock exploded back above its 50-day moving average of $1.32 on Thursday with high volume. This move is quickly pushing CEP within range of triggering a near-term breakout trade. That trade will hit once CEP manages to take out some near-term overhead resistance levels at $1.50 to $1.61 with high volume. Traders should now look for long-biased trades in CEP as long as it's trending above $1.35, and then once it sustains a move or close above those breakout levels with volume that hits near or above 35,735 shares. If that breakout hits soon, then look for CEP to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.89. Any high-volume move above those levels will then put $2 to $2.28 into focus.
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