Here are the recap for the top 3 major gainers in the Oil & Gas E & P sector trading on Tuesday. keep an eye on the following stocks.
Torchlight Energy Resources, Inc (NASDAQ:TRCH) continued to move higher and one of the biggest gainers last month in the Oil & Gas sector. The stock soared 11.35% to close at $2.65. Tuesday, the stock witnessed lower than average volume with more than 7.84 million shares exchanged hands, compared to its average volume of 10.22 million. The stock opened at $2.41 and moved within a wide range of $ 2.4100 – 2.6600.
Centennial Resource Development (NASDAQ:CDEV) gained momentum as the stock went up 10.40% for the session to $5.84. The stock has moved within a wide range of $5.47 – 5.91. The stock has surged about 445% year-to-date. Moreover, the stock has moved up almost 371% over the past 6-month. The stock is trading 6.50% below its 52-week high and 1055% higher from its 52-week low.
Berry Corporation (NASDAQ:BRY) was another gainer in the Oil & Gas sector. The stock was up 8.33% at $6.89 and made a new 52-week high of $6.98 in yesterday’s trading session. More than 614K shares have been traded hands, compared to its average volume of 371K. Over the past 52-week, the stock moved within a range of $6.55 – 6.98. The stock has soared 140% so far in 2021 and 146% in the past 6-month.The stock is trading in the oversold zone as RSI stands at 78.
Another oil & gas stock that could be on the watchlist for the coming sessions is Allied Energy (OTCMKTS:AGYP). The stock has seen a nice uptrend since the beginning of this year gaining 500%. Moreover, the stock has built a strong base of around 30 cents after weeks of consolidation. Interestingly, the stock is trade above 200-SMA of $0.17 – which signals that the long-term uptrend is still intact.
