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-$4.64
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
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
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. .