Traders Get Bullish on Shares of BPZ Resources, Shares Up 6.4% (BPZ)
BPZ Resources (AMEX:BPZ) is one of today's best performing low-priced stocks, up 6.4% to $3.09 on 1.5x average daily volume. BPZ Resources has traded 819,000 shares thus far today, vs. average volume of 541,000 shares per day. The stock has outperformed the Dow (6.4% to the Dow's -0.1%) and outperformed the S&P 500 (6.4% to the S&P's 0.2%) during today's trading.
Over the past year, BPZ Resources has traded in a range of $2.01 to $4.64 and is now at $3.08, 53% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.
Potential upside of 54.0% exists for BPZ Resources, based on a current level of $3.08 and analysts' average consensus price target of $4.75. BPZ Resources shares have support at the 200-day moving average (MA) of $2.87 and additional support at the 50-day MA of $2.61.
BPZ Resources, Inc. is an oil and gas exploration and production company with properties in Peru and Ecuador. The Company has exclusive rights and license agreements for oil and gas exploration and production in several properties in northwest Peru. BPZ also owns a non-operating interest in a producing property in southwest Ecuador.
SmarTrend is tracking the current trend status for BPZ Resources and will alert subscribers who have BPZ in their portfolio or watchlist when shares have changed trend direction.
Keywords: penny stocks amex:bpz BPZ Resources