(24/7 MARKET NEWS)– Houston American Energy Corp. (NYSE American: HUSA) is one that we’ve covered before and it’s perking up, again, at 4.365, up $0.205 (+4.93%), on 159,199 shares traded.
It’s probably too early to call this a conviction move, especially with the lower volume. In fact, it may be a false alarm, like last week’s July 19th move, but it could also be the beginning of a move that’s similar to the one it made late May into June.
If this independent energy company, with interests in oil and natural gas wells, can break through the recent $4.80 high, on strong volume, it will have a favorable set up to make a run to much higher levels.
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