NEWBIES BOARD

[dude iligence]

XCO $7.90 I mentioned it a couple weeks back at $6.30 (can be seen in deleted posts to Janice Shell) is positioning itself for a breakout of a two month trading range. It's above the 50ma and the 50ma is turned north toward the 200ma setting up for a solid golden cross. It's up for the last 5 days so we could see a slight pullback before the breakout.

http://stockcharts.com/freecharts/gallery.html?s=xco

But maybe not. Street.com and seeking alpha have articles of big insider buying on it.

Heres what they do

Business Summary

EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays.

Natgas is in a huge reversal from a 20 year low and will be a hot sector for some time to come.

Plays that I own XCO CHK

Plays that I trade aggressively UGAZ DGAZ (Do not get on the wrong side of the trade in these or a sideways market sell immediately if this happens)