Kodiak Oil & Gas

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Kodiak Oil & Gas ( KOG) engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the U.S. This stock is trading up 1% at $8.19 in recent trading after hitting a 52-week high of $8.49 earlier in the day.

Today's Range: $8.11-$8.49

52-week Range: $2.43-$8.49

Volume: 5,361,000

Three-Month Average Volume: 4,217,040

Kodiak Oil & Gas has a market cap of $1.71 billion. The stock trades at a trailing price-to-earnings of 45.25 and a forward price-to-earnings of 10.92. Its estimated growth rate for this year is 700%, and for next year it's pegged at 212.5%. The current short interest as a percentage of the float for Kodiak is rather high at 9.2%.

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From a technical standpoint, this stock recently broke out above some past overhead resistance at $7.30 to $.7.70 on monster volume. Market players should now look to play the next breakout that will trigger over $8.50 a share on high volume.

Volume today is already tracking in very strong with over 5.36 million shares traded, which is well above the three-month average of 4.21 million. If this stock can get above $8.50, then look for much higher prices in the near future.

For more ideas, check out the 52-Week Highs Portfolio.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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