Quicksilver Resources (KWK) Pushes Through 100-Day; Will Mark 10th Straight Winning Session

June 27, 2012 3:53 PM EDT
Quicksilver Resources (NYSE: KWK) shares are showing some volatility as they hang near session highs Wednesday. According to technical charts, the stock is moving above its 100-day SMA, current situated at $4.70.

Implied volatility is up 7.7 percent from Tuesday's close to 91 percent. The number is about 109 percent above its trailing annual average.

Finally, a close higher today will make it the 10th straight for Quicksilver.

Shares are 16.6 percent better in late trading with strong volume.


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