Titan Oil and Gas Inc. (OTCBB: TNGS) has surged 12.3% to settle at $1.73 with an increased volume of 962,055 shares. The stock has almost penetrated its 50 day moving average of $1.71 with a relative strength index of 51.82, which is considered neither overbought nor oversold at these levels. Since this target price is becoming a critical point at which the breakout can occur, I strongly suggest keeping this one on watch as well.
Titan Oil and Gas company is focused on exploiting oil and gas opportunities in the province of Alberta. The company owns about seven interest in petroleum and natural gas leases covering areas of more than 1,600 hectors in the South Goldberger region.
Key Energy Services, Inc. (NYSE: KEG) has been in a bullish uptrend as the stock continues to move upwards above its 50 day moving average line of $12.70 with a relative strength index of 61.22 and a healthy volume of 2,434,422. If you plan to trade the stock, I would wait for a pullback in the $13.30 area before adding your initial position.
Key Energy Services, Inc. provides a range of services to oil companies, foreign national oil companies and independent oil and natural gas production companies, including rig-based well maintenance and workover services, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services, wireline services and other ancillary oilfield services. It operates in the oil and gas producing regions of the continental United States, and have operations based in Mexico, Argentina and the Russian Federation.
Inuvo, Inc. (AMEX: INUV) has exploded 20.45% or $.54 to settle at $3.18 with a moderate volume of 75,000 shares. The stock's relative strength index has also been increasing to 48.24 as the stock pierced through its 50 day moving average of $2.97. The stock should definitely go on your watchlist, especially if the uptrend continues going forward.
Inuvo, Inc. develops software and analytics technology that is accessible over the Internet for use by online advertisers and Website publishers. Its platforms provide a mechanism for the advertisers and publishers to connect, thus facilitating the execution of marketing programs. The Company operates as two business segments: Exchange and Direct.
Taseko Mines (AMEX: TGB) has been relatively unchanged by only two cents. The company approved its plans to proceed with the capacity increase at the Gibraltar mine. This line will include the construction of a 30,000 ton concentrator with the existing 55,000 ton per day facilities currently operating under Gibraltar. The stock has been in a nice uptrend above its 50 day moving average of $5.00 and 200 day moving average of $5.42 with a volume of 4.5 million shares. I would wait for a pullback on this one as well.
Taseko Mines Limited is a Canada-based company. As of December 31, 2009, the Company's principal business activities related to the operations of the Gibraltar Copper Mine, and exploration on the surrounding properties, as well as exploration on the Company's 100% owned Prosperity Gold- Copper Property, Harmony Gold Property and Aley Niobium Property. The Gibraltar Copper Mines and the Prosperity Property are located in south central British Columbia, Canada, near the city of Williams Lake.
Avro Energy Inc. (OTCBB: AVOE) has been relatively unchanged with a price of three cents a share and a volume of 40,000 shares. It is not a good sign as the company has been trading under its 50 day moving average of $0.035 and 200 day moving average of $0.076 with a relative strength index of 45.89. If the stock breaks its 50 day moving average, then definitely keep a close eye on it for futher price swings.
Avro Energy, Inc. is an exploration-stage company engaged in the acquisition, exploration and development of oil and natural gas properties in North America, with properties in the United States ArkLaTex region. On August 10, 2009, the Company entered into an agreement to acquire various oil leases near Hosston, Louisiana, from S.A.M., a Louisiana private partnership, and private oil and gas operator.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Wednesday Market Close Round Up: TNGS, KEG, INUV, TGB, AVOE