EXCO Resources (XCO) Shows Strength on Increased Volatility; Bouncing Off Annual Lows
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EXCO Resources (NYSE: XCO) shares are seeing some positive action Thursday on higher volatility.
Market data shows implied volatility on EXCO is up about 13 percent over Wednesday. Shares are 5 percent higher on the session.
Of note, shares rare also approaching potential action points above the $6.25 and $6.50 resistance levels.
Volume is at 3.8 million shares, compared with the trailing three-month average of just above 6 million shares.
Shares recently hit a 52-week low of $5.69 Monday.
Market data shows implied volatility on EXCO is up about 13 percent over Wednesday. Shares are 5 percent higher on the session.
Of note, shares rare also approaching potential action points above the $6.25 and $6.50 resistance levels.
Volume is at 3.8 million shares, compared with the trailing three-month average of just above 6 million shares.
Shares recently hit a 52-week low of $5.69 Monday.
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