Noteworthy Trading Activity for Kodiak Oil & Gas Corp. (KOG)
Published on 07/23/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Shares of KOG crossed above the critical 50-day
moving average of $3.31. The location of a stock price when analyzed against the moving average can aid
in predicting future short term momentum. Trading activity for shares of Kodiak Oil & Gas Corp. may indicate that the
shares of KOG may head higher assuming that the moving average continues upward direction.
The volume of shares exchanging hands is less than average daily volume of 1,902,130 of shares.
Other relevant figures to examine are the support and resistance levels for KOG. Kodiak Oil & Gas Corp. settled at $3.40 $0.14(+4.29%),
based on the pivot points, the current support and resistance levels are 3.23 and 3.48 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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