The Oil and Gas Pipeline

[C C]

been watching AMEP-looks like a break out
accumulation for last 5 days
slow but steady


Below is my reasoning

DI + & DI- look like they are ready to cross at the 20
RSI (5) currently at 64.35 approaching 68
RSI (14) crossed 50- now at 50.2
buying has been steady for the last 5 days-in the green
appears to be slow steady buying preassure
ADX (14) line same place as last run up-May 27th
looks like PR soon to be let out


http://stockcharts.com/h-sc/ui?s=AMEP&p=D&yr=0&mn=6&dy=0&id=p78591109043


the AMEP board on I-hub
all indications point to a major PR soon
multiple wells being drilled at present
they issued a permit- went vertical
then
re-issued permit to drill horizontally into the Barnett Shale deposits
a major deposit in Texas
have two drilling rigs- 2nd one being referbished
don't have to wait on rigs to drill like most companies

http://www.investorshub.com/boards/read_msg.asp?message_id=11661636

invest at your own risk....do your own DD


cha-ching