As some mentioned yesterday technical traders are seeing some good stuff:
"InterOil
InterOil (IOC) is engaged in the exploration and production of oil and gas properties in Papua New Guinea and its surrounding regions. This stock closed up 9.9% at $85.63 in Monday's trading session:
Monday's Volume: 1.42 million
Three-Month Average Volume: 706,811
Volume % Change: 111%
From a technical perspective, IOC exploded higher here right off its 50-day moving average of $78.02 with above-average volume. This move sent shares of IOC into breakout territory, since the stock took out some near-term overhead resistance levels at $79.83 to $84.23. Shares of IOC are now quickly moving within range of triggering another major breakout trade. That trade will hit if IOC manages to take out some key overhead resistance levels at Monday's high of $86.61 and then once it clears more resistance at $89.97 with high volume.
Traders should now look for long-biased trades in IOC as long as it's trending above $85 or $84 and then once it sustains a move or close above those breakout levels with volume that's near or above 706,811 shares. If that breakout hits soon, then IOC will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high at $106.44."