Constellation Energy Partners ( CEP) is focused on the acquisition, development and production of oil and natural gas properties as well as related midstream assets. This stock is trading up 3.4% to $1.47 in recent trading. Today's Range: $1.43-$1.49 52-Week Range: $1.20-$3.24 Volume: 33,000 Three-Month Average Volume: 35,735 >>5 Takeover Targets to Buy Before Wall Street Finds Out From a technical perspective, CEP is pushing higher here after the stock exploded back above its 50-day moving average of $1.32 on Thursday with high volume. This move is quickly pushing CEP within range of triggering a near-term breakout trade. That trade will hit once CEP manages to take out some near-term overhead resistance levels at $1.50 to $1.61 with high volume. Traders should now look for long-biased trades in CEP as long as it's trending above $1.35, and then once it sustains a move or close above those breakout levels with volume that hits near or above 35,735 shares. If that breakout hits soon, then look for CEP to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.89. Any high-volume move above those levels will then put $2 to $2.28 into focus.