PDO Technical Analysis - Pyramid Oil Stock Analysis 8/27/08

The following is technical stock analysis for Pyramid Oil Company ( PDO ) 8/27/08:

PDO reported great earnings two weeks ago....as a result, a big move higher. PDO seems to have found support around the $13 level so this should be bought. A close above $15.24 and PDO could really move higher if it gets volume. $16.59 is the 50 day moving average...that could have some minor resistance there. Keep an eye on Oil prices...this is a great way to play oil.

Pyramid Oil has delivered two straight blowout earnings quarters and PDO stock is on many day traders radars.