BPZ Resources (BPZ)
This is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. This stock is trading up 6.4% to $2.96 in recent trading.
Today's Range: $2.72-$2.97
52-Week Range: $2.01-$4.64Volume: 960,000 Three-Month Average Volume: 466,774 From a technical perspective, BPZ is trending higher here back above its 200-day moving average of $2.87 with above-average volume. This move is quickly pushing shares of BPZ within range of triggering a near-term breakout trade. That trade will hit if BPZ can manage to clear some near-term overhead resistance levels at $2.99 to $3 with high volume. Traders should now look for long-biased trades in BPZ as long as it's trending above its 200-day at $2.61, and then once it sustains a move or close above those breakout levels with volume that hits near or above 466,774 shares. If that breakout triggers soon, then BPZ will set up to re-test or possibly take out its next major overhead resistance level at $3.40. Any high-volume move $3.40 will then put $3.60 to $4 into focus for shares of BPZ. MPG Office Trust (MPG) This company is a self-administered and self-managed real estate investment trust (REIT), and it operates as a REIT for federal income tax purposes. The stock is trading up 3.3% to $3.05 in recent trading. Today's Range: $2.95-$3.05 52-Week Range: $1.66-$3.81 Volume: 155,000 Three-Month Average Volume: 213,602 From a technical perspective, MPG is ripping higher here back above its 50-day moving average of $2.96 with decent volume. This move has also started to push MPG into breakout territory, since the stock has taken out some near-term overhead resistance levels at $2.94 to $3. At last check, MPG has hit an intraday high of $3.05 and volume is just a bit below its three-month average action of 213,602 shares. Traders should now look for long-biased trades in MPG as long as it's trending above its 200-day at $2.66, and then once it sustains a move or close above those breakout levels with volume that hits near or above 213,602 shares. If MPG can maintain that trend, then the stock will set up to re-test or possibly take out its next major overhead resistance levels at $3.44 to $3.52. Any high-volume move above those levels will then put $3.60 to $3.80 into focus for shares of MPG. .
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