TECO - Treaty Energy Extends Gains

TECO - Treaty Energy extended the upward trend as penny stock traders continue to show enthusiasm for the stock. We first mentioned TECO last Friday when it reached a high of .0475. The stock traded flat Monday with no significant gain or loss as buyers and sellers fought over what to do with the recent upward move. Buyers won the match since the stock opened today's trading at .04 reaching a low of .035 before exploding to the upside for a 58% gain on the day, printing a intraday high of .064 before closing at .062 for the days session. Three month daily volume for TECO is 593,187 with closing volume today of 9,109,990 shares traded. After today's surge, penny stock traders should be on the look out for a possible pull back as the stock may attempt to consolidate recent gains. If a pull back does occur, the .04 area could be a possible entry point for traders. Below is the chart for TECO.

4/19/2011