VST is a small oil and gas company that is up almost 800% from its 52-week low. The stock has had a recent move upward, but is it still a buy? Taking a look at the technical chart below, Vast Exploration has used its 200 day moving average in the past, as a means of propelling itself higher. Between March and June 2009, the stock rallied 49 cents off its moving average, before taking a pullback. Again, just weeks ago, the stock broke through again and rallied almost the same amount (47 cents to the high and 42 cents to where it is today). It looks like the stock can only run up a few more cents before taking another breather. Even though I’m bullish on VST, wait for a pullback to the low 70s before buying more. The stock has run up too far is such a short period of time.
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