While it is trading with a market cap of $80 million, seems like the market would have run this higher today despite the weakness in energy.
Penn Virginia (PVA - Get Report), an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the U.S. This stock is trading up 17.4% to 93 cents per share in Thursday's trading session.
From a technical perspective, Penn Virginia is ripping sharply higher here and breaking out above some near-term overhead resistance levels at 88 cents to its 20-day moving average of 93 cents per share with lighter-than-average volume. This large move to the upside on Thursday is now starting to push shares of Penn Virginia within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $1 to $1.09 with high volume.
Traders should now look for long-biased trades in Penn Virginia as long as it's trending above Thursday's intraday low of 80 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 4.81 million shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at around $1.30 to $1.50, or even $2 a share.
If Soros comes out and reaffirms he is still holding his major stake in PVA, and the price of oil continues to rise next week, then we could have ignition. $$$$$$$$$$$$
1) Penn Virginia (PVA): Billionaire George Soros owns 8% of this company, and has officially forced the company to put itself up for sale. Just a couple of weeks ago Penn Virginia announced that they hired Bank of America to explore a sale of the company. Based on recent energy M&A multiples, Penn Virginia could fetch as much as $15 a share. That’s more than double its current share price.
LOOK!!! They did it AGAIN!!!
Last (time)4:06p ET 08/18/15
Last trade before 4 p.m. was:
16:00:00 i 43.27 60
So this time the jump at EOD++ was by .50!!!
Ever notice how as soon as you mention something it'll never happen!
Today it's up to 77.23%!!!
Institutions are loading up!!!
Buy all you can and hold on! Kick your dog if you have to, but do not sell!!!
tdAmeritrade: % Held by Institutions 77.23
Short Interest (% of float 07/31/15)26.71
One thing I noticed yesterday, a 50k block sold for a price around $45 when it had been selling at 44.80ish. Then it went back down, so the MM may have sold the shares and then bought them back lower? Not sure, but thought that may be how they managed it.
Check it out:
Last (time)4:03p ET 08/17/15
Isn't that a bit late??
Can't look at level II if you don't have level II.
I looked at the time and sales on Freerealtime and the biggest block I saw was 50k. Then one for 12k or so. That was all I saw.
How can a blocks of 100k be bought without driving the price up? Does the market maker have a large inventory?
Best get one of those LifeAlert's if you are short FIT!!!
“Help, I’m SHORT Fitbit and I can’t COVER!”