Quicksilver Resources Trading Higher on 1.1x Above-Average Volume

Shares of Quicksilver Resources (NYSE: KWK) are trading up 1.8% to $14.87 today on above

average volume. Approximately 2.8 million shares have traded hands today vs. average 30-day

volume of 2.5 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such,

SmarTrend will continue to monitor shares of KWK to see if this bullish momentum will

continue.

SmarTrend currently has shares of Quicksilver Resources in an Uptrend and issued the Uptrend

alert on September 07, 2010 at $12.89. The stock has risen 13.3% since the Uptrend alert was

issued.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA

has risen 0.56%.

In the past 52 weeks, shares of Quicksilver Resources have traded between a low of $10.53 and

a high of $16.15 and are now at $14.64, which is 39% above that low price.


Atlas Pipeline Partners(APL), owner and operator of natural gas pipeline gathering systems in

U.S., gained 3.4%. Morgan Stanley raised its price target on Atlas to $38 from $35 and

maintained its overweight rating on the stock. The bank sees Atlas's 2011 earnings at $1.68

per share and 2012 earnings at $2.23 per share.

Sunoco(SUN) surged 2.2% last week after reporting better-than-expected quarterly numbers. Net

income increased to $87 million or $0.72 per diluted share for 2010 fourth quarter, compared

to $26 million or $0.22 per diluted share during the same quarter in 2009. The yearly

financial numbers also staged a comeback. Sunoco reported net income of $234 million for 2010

versus a net loss of $329 million for full-year 2009.

Chesapeake Midstream Partners(CHKM) and Quicksilver Resources(KWK) advanced 2.1% and 1.95%,

respectively.

Sinpoec(SNP) gained 1.6%. The company said it has met or even surpassed the operational

targets for the first quarter of 2011. During the week, the company asked its refining plants

to boost gasoline output, says parent China Petrochemical.

Other movers TransCanada(TRP), Weatherford International(WFT), OGE Energy(OGE) and

PetroChina(PTR) were flat, up 0.96%, 0.7%, 0.14% and 0.11%, respectively.

LDK Solar(LDK) was the top loser, plummeting 15.3%. Lazard Capital downgraded LDK Solar to

hold from buy. Lazard Capital expects industry pricing to decline faster than expected, given

the expected policy changes in Italy and Germany.