Notes:
* Strong up trend
* Good earnings in the recent quarters
* Pays out a nice dividend
* Created a double bottom and is now moving up on the right side of its base
* Recently bounced off of its 50 day line
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 5.8
Relative Strength vs. SP500: 3.16
U/D Ratio: 1.16
Base Depth: 22.21%
Distance from breakout buy point: -3.9%
Volume 13.32% above its 15 day avg.
Trade Idea:
* You can enter now as the price and volume are indicating bullish momentum
* If you're looking for a better entry you can look for one around the $36.55 area
* This stock usually has local tops when the price closes around 15.28% above its 50 EMA
* Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA
* The last closing price is 7.24% away from its 50 EMA
* Strong up trend
* Good earnings in the recent quarters
* Pays out a nice dividend
* Created a double bottom and is now moving up on the right side of its base
* Recently bounced off of its 50 day line
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 5.8
Relative Strength vs. SP500: 3.16
U/D Ratio: 1.16
Base Depth: 22.21%
Distance from breakout buy point: -3.9%
Volume 13.32% above its 15 day avg.
Trade Idea:
* You can enter now as the price and volume are indicating bullish momentum
* If you're looking for a better entry you can look for one around the $36.55 area
* This stock usually has local tops when the price closes around 15.28% above its 50 EMA
* Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA
* The last closing price is 7.24% away from its 50 EMA