This company is a distributor of propane and related equipment and supplies to customers mainly in the United States. This stock is trading up 2.6% at $18.11 in recent trading.
Today's Volume: 285,000
Average Volume: 223,676
Volume % Change: 82%
Shares of FGP are moving modestly higher today after the company said its adjusted earnings jumped 93% from last year's first quarter to $31.6 million, and gross profit rose 9% to $140.1 million.
From a technical perspective, FGP is bouncing higher here right off its 50-day moving average of $17.69 with above-average volume. This stock has been uptrending strongly for the last month, with shares soaring from a low of $14.80 to its recent high of $18.58. During that uptrend, shares of FGP have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed FGP within range of triggering a near-term breakout trade. That trade will hit once FGP manages to take out some near-term overhead resistance levels at $18.58 to $19.21 and then once it clears more resistance levels at $19.44 to $19.75 with high volume.
Traders should now look for long-biased trades in FGP as long as it's trending above $17.42, and then once it sustains a move or close above those breakout levels with volume that hits near or above 223,676 shares. If that breakout hits soon, then FGP will set up to re-test or possibly take out its next major overhead resistance level at $20.75.
YPF Sociedad Anonima
(YPF - Get Report)
This is an integrated oil & gas company. It upstream operation consists of exploration, development & production of crude oil, natural gas & LPG. Its downstream operation includes refining, marketing & distribution of oil, among others. This stock is trading up 5% at $12.60 in recent trading.
Today's Volume: 941,000
Average Volume: 614,786
Volume % Change: 164%
From a technical perspective, YPF is ripping higher here right above its 50-day moving average of $11.36 with above-average volume. This stock has been uptrending strong for the last month, with shares moving from a low of $9.21 to today's intraday high of $12.74. During that move, shares of YPF have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed YPF within range of triggering a major breakout trade. That trade will hit once YPF takes out some near-term overhead resistance levels at $12.53 to $13.65 with high volume.