TGC Industries

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TGC Industries ( TGE) is a provider of seismic data acquisition services throughout the continental U.S. and Canada. It is engaged in the geophysical service business of conducting three-dimensional surveys for clients in the oil and gas business. This stock is trading up 5.8% at $10.00 in recent trading.

Today's Volume: 163,000

Average Volume: 133,680

Volume % Change: 82%

From a technical perspective, TGE is gapping higher here back above its 50-day moving average of $9.60 on above average volume. This move is quickly pushing TGE within range of a near-term breakout trade. That trade will hit once TGE takes out some near-term overhead resistance at $9.80 to $10.36 with high volume.

Traders should now look for long-biased trades if TGE can sustain a move or close above those levels with volume that's near or above 133,680 shares. If we get that action soon, then look for TGE to re-test its April high of $11.85 in the near future.

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