EXPX – Explortex Energy, Inc. – Possible Bounce-Play?

Explortex Energy, Inc. EXPX

EXPX has traded nearly 10X its 10-day average volume, and was down considerably this afternoon. When we see this phenomena, it always gets our bounce-play sense tingling.

Three times in the past ten weeks, EXPX has produced gains ranging between 50-200%, and today the stock has begun to exhibit signs of a bounce after having undergone a fairly large sell-off.

That is why we wanted to add this play to our radars this afternoon- it should be interesting to see how things unfold with this heading into the end of the week.