Energy Stocks to Watch: Quicksilver Resources Inc. (NYSE:KWK), Houston American Energy Corporation (NYSEMKT:HUSA)
Northern, WI 05/27/2013 (GDPInsider) – Quicksilver Resources Inc. (NYSE:KWK) is up 10.92% in early morning trading after starting the day at 2.31, 0.02 cents above its previous close of 2.29. The day’s range is 2.28 and 2.54 and KWK has traded on relatively strong volume of 4.801 million – average volume is 4.496 million. At present market valuation KWK is trading 57.45% below its 52-week high of 5.97 and 56.79% above its 52-week low of 1.62. The technical chart shows a southward trend prevailing since May, however, recent trading has sent KWK upward.
KWK is coming off the recent launch of a $600 million second priority senior secured term loan. The company said that although the loan facility which would mature in 2019 was on offer, “There can be no assurance KWK will receive commitments for the $600 million of the Second Priority Term Loan Facility or as to the terms of such facility.”
The stock has a RSI of 56.68 and is trading 5.55% above its SMA20 and 1.37% above its SMA50.
Is KWK a solid investment at these levels? Get exclusive data and trends here.
Houston American Energy Corporation (NYSEMKT:HUSA) opened trading today at 0.32, 0.01 cent above its previous close of 0.31. The stock quickly made its move upward and is trading up at 17.74% on strong volume of 2.223 million – 559.62% above average volume of 337.12K. HUSA’s technical chart has remained flat for much of the year, but recent interest from investors has pushed the stock northward.
HUSA announced the recompletion and initial test results from the Crown Paper #1 Well on May 10, 2013. Since then the stock has enjoyed a slight rally, gaining 100.00% on its 52-week low of 0.18 since May 9, 2013. HUSA has also performed well in 5-day trading, delivering market valuation increases of +8.33% on May 20, and +24% on May 23, 2013.
HUSA is trading 67.05% above its SMA20 and 72.66% above its SMA50; however, the stock is overbought at present market valuation and is carrying a RSI of 74.73.
How Should Investors Trade HUSA Now? Get exclusive insights and updates here.
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