EMERALD OIL (AMEX:EOX) Strong Uptrend Up Arrow
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, EOX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, June 18th
+30 New 3 Month High on January 10
+100 Total Score
I'm not a financial advisor. All of my posts are for entertainment purposes only and based on my opinion. Advice: Do your own DD and always only invest money you can afford to lose. GLTA