MPET Chart
MPET Has continued in a powerful uptrend since late January where the stock had a 52 week low of .85 before rebounding. A look at the 6 month chart reveals that Magellan Petroleum Corporation is running into resistance at the $1.20 level. MPET will have to break through and hold $1.20 before going on to reach previous highs from earlier in 2007. 1000 Penny Stocks will keep MPET on our Nasdaq Penny Stock List and monitor the stock progress over the coming days and weeks.