Keegan Resources

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Keegan Resources ( KGN) is an exploration-stage company. Keegan Resources is focusing on advancing its principal property, the Esaase Gold Project to commercial production. This stock is trading up 14.5% at $4.73 in recent trading.

Today's Range: $4.35-$4.78

52-Week Range: $3.42-$9.65

Volume: 1.2 million

Three-Month Average Volume: 303,216

From a technical standpoint, KGN has started to trigger a major breakout today now that this stock is moving above some near-term overhead resistance levels at $4.30 to $4.54 on monster volume.

>>5 Stocls Setting Up to Break Out

Traders should now look for a sustained high-volume move and close above those levels to signal that KGN wants to trend significantly higher. I would target a run back towards $6 or possibly its 200-day moving average of $6.55, if KGN can hold this breakout and continue to see strong volume flows on the up days.

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