GO
Loading...

3 Energy Stocks Striking Oil on Unusual Volume

Getty Images

Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Often when above-average volume moves into an equity, it precedes a large spike in volatility.

Major moves in volume can signal unusual activity, such as insider buying or selling — or buying or selling by "super investors."

Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it's always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.

With that in mind, let's take a look at several stocks rising on unusual volume today.

Crosstex Energy

This company is engaged in the gathering, transmission, treating, processing and marketing of natural gas and natural gas liquids (NGLs) through its subsidiaries. This stock is trading up 3.9 percent at $13 in recent trading.

Today's Volume: 322,000
Average Volume: 189,784
Volume % Change: 186%

From a technical perspective, Crosstex is gapping up sharply here right above some near-term support at $12.16 with above-average volume. This move is quickly pushing Crosstex within range of triggering a near-term breakout trade. That trade will hit once Crosstex manages to take out some near-term overhead resistance levels at $13.24 to its 200-day at $13.40 with high volume.

Traders should now look for long-biased trades in Crosstex as long as it's trending above $12.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 189,784 shares. If that breakout triggers soon, then Crosstex will set up to re-test or possibly take out its next major overhead resistance levels $14.04 to $14.63. Any move above those levels will then put $15.60 to $15.87 into focus for shares of Crosstex.

Ferrellgas Partners

This company is a distributor of propane and related equipment and supplies to customers mainly in the U.S.. This stock is trading up 2.6 percent at $18.11 in recent trading.

Today's Volume: 285,000
Average Volume: 223,676
Volume % Change: 82%

Shares of Ferrellgas are moving modestly higher today after the company said its adjusted earnings jumped 93 percent from last year's first quarter to $31.6 million, and gross profit rose 9 percent to $140.1 million.

From a technical perspective, Ferrellgas is bouncing higher here right off its 50-day moving average of $17.69 with above-average volume. This stock has been uptrending strongly for the last month, with shares soaring from a low of $14.80 to its recent high of $18.58. During that uptrend, shares of Ferrellgas have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed Ferrellgas within range of triggering a near-term breakout trade. That trade will hit once Ferrellgas manages to take out some near-term overhead resistance levels at $18.58 to $19.21 and then once it clears more resistance levels at $19.44 to $19.75 with high volume.

Traders should now look for long-biased trades in Ferrellgas as long as it's trending above $17.42, and then once it sustains a move or close above those breakout levels with volume that hits near or above 223,676 shares. If that breakout hits soon, then Ferrellgas will set up to re-test or possibly take out its next major overhead resistance level at $20.75.

YPF Sociedad Anonima

This is an integrated oil & gas company. It upstream operation consists of exploration, development & production of crude oil, natural gas & LPG. Its downstream operation includes refining, marketing & distribution of oil, among others. This stock is trading up 5 percent at $12.60 in recent trading.

Today's Volume: 941,000
Average Volume: 614,786
Volume % Change: 164%

From a technical perspective, YPF is ripping higher here right above its 50-day moving average of $11.36 with above-average volume. This stock has been uptrending strong for the last month, with shares moving from a low of $9.21 to today's intraday high of $12.74. During that move, shares of YPF have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed YPF within range of triggering a major breakout trade. That trade will hit once YPF takes out some near-term overhead resistance levels at $12.53 to $13.65 with high volume.

Traders should now look for long-biased trades in YPF as long as it's trending above its 50-day at $11.36, and then once it sustains a move or close above those breakout levels with volume that hits near or above 614,786 shares. If that breakout triggers soon, then YPF will set up to re-test or possibly take out its next major overhead resistance levels at $14.38 to $16.32.

—By TheStreet.com Contributor Roberto Pedone

Additional News: Pipeline Prospects With Enbridge CEO

Additional Views: Better Energy and Gas Prices Ahead?

______________________________
CNBC Data Pages:

______________________________
Disclosures:

At the time of publication, Roberto Pedone had no positions in stocks mentioned.

Disclaimer

Symbol
Price
 
Change
%Change
CXS
---
FGP
---
YPFD
---

Featured