United States Oil and Gas Corp (fka USOG)

[The_Pro]

Uptrend Or Downtrend? Bullish Or Bearish?

Let's have INO.com's Smart Scan Chart Analysis settle the score:

UNITED STATES OIL AN (NASDAQ:USOG)

Uptrend

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, USOG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending October 16th
+30 New 3 Month High in October

+75 Total Score

Uptrend/Bullish is the verdict.

Q.E.D.

The_Pro