Currently sitting at $19.37 PDO is up 5.8% premarket and it leads me to one question… is it top yet? It may be worth putting on watch for a short especially after MXC’s halt yesterday. It’s consolidated much more than MXC had, and its trading quite a bit more volume than the virtually non-existent volume of MXC (less than an avg of 100k) so it may be able to take out… yes.. even more highs. I’d watch for this to break $20 because if it does it will probably use that as a support level to support a move towards $25. But it’s still worth “PennyStocking” because its going to be a nice drop whenever it does happen.

Take a look at the two charts… if MXC holds current levels $30 it may squeeze to $35 and carry the momentum its created to PDO which could see $25+

PDO

MXC - MEXCO ENERGY CORP