Advantage Oil & Gas

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Advantage Oil & Gas ( AAV) is an intermediate oil and natural gas exploration and production company with properties located in Western Canada. This stock is trading up 3.3% to $3.97 in recent trading.

Today's Range: $3.89-$3.98

52-Week Range: $2.47-$5.52

Volume: 76,000

Three-Month Average Volume: 195,292

From a technical perspective, AAV is bouncing higher here right around some near-term support at $3.84 with lighter volume. This move is quickly pushing AAV within range of triggering a major breakout trade. That trade will hit once AAV manages to take out some key overhead resistance at $4.12 to $4.39 with high volume.

Traders should now look for long-biased trades in AAV as long as it's trending above its 50-day at $3.65, and then once it sustains a move or close above those breakout levels with volume that hits near or above 195,292 shares. If that breakout triggers soon, then look for AAV to re-test or possibly take out its next major overhead resistance levels at $4.87 to $5.52.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- 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 and maintains the website, 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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