Looks like $13 is pretty tough resistance for this stock. It made several attempts to break it for last 6 month , all unsuccesful. Today, I just watched how it could not clear 12.95 level. whenever it's about to clear 12.95 ask, specialist puts more and more shares . more than an hour it had been trying to break 12.95 with about 30-40K shares sold at ask, but could not break it. It seems like specialist didnt want to break it. Let's see how it's going to trade tommorow. If $13 will be broken - it will test $13.7 for sure. By the way, anybody knows when earning release will be issued? Thanks
From their annual report, the cover says "EXCO a different kind of energy company". It sure is different, it's the only energy company without a rising stock price. You can throw darts at the energy sector and come up with a winner.