Market Overview

SmarTrend Detects Potential Break Out In Shares of American Oil & Gas (AEZ)

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(via COMTEX News Network)--

Shares of American Oil & Gas (AMEX: AEZ) traded at a new 52-week high today of $10.19. Approximately 383,000 shares have traded hands today vs. average 30-day volume of 592,000 shares.

American Oil & Gas is currently trading at $10.14, approximately 14.2% above its 50-day moving average of $8.88. SmarTrend will be monitoring shares of AEZ to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 1.84% while the 200-day MA has risen 1.39%.

In the past 52 weeks, shares of American Oil & Gas have traded between a low of $2.77 and a high of $10.04 and are now at $10.16, which is 267% above that low price.

SmarTrend currently has shares of American Oil & Gas in an Uptrend and issued the Uptrend alert on May 12, 2010 at $7.30. The stock has risen 36.9% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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