This is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. This stock is trading up 5.6% at $22.21 in recent trading.
Today's Volume: 828,000
Average Volume: 765,495Volume % Change: 85% From a technical perspective, SGY is soaring higher here right off its 50-day moving average of $21.03 with above-average volume. This move is quickly pushing shares of SGY within range of triggering a near-term breakout trade. That trade will hit if SGY manages to take out some near-term overhead resistance at $22.70 with high volume. Traders should now look for long-biased trades in SGY as long as it's trending above some near-term support at $20.56, and then once it sustains a move or close above $22.70 with volume that hits near or above 765,495 shares. If that breakout hits soon, then SGY will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $23.96 to $24.47. Any move above $24.47 to $24.70 will then put $25 to $26 into focus for shares of SGY. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
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