Tuesday, February 28, 2006 8:00:29 AM
Oil Sector Stock Price Cycle?
Last April/May saw many oil, gas and oil/gas services stocks' prices hit their 200SMA and/or lower uptrend lines then realize huge gains over the next 8-9 months.
Many of these stocks are once again at or near this same moving average and/or lower uptrend line.
The below spreadsheet shows several that may be good candidates for riding through the next cycle. A few are below their 200SMA which is a bit worrisome, some have broken uptrend lines, this can be seen in the spreadsheet as stocks whose current prices are lower than the 200SMA price noted, or below the current position of the uptrend line.
FWIW -jonesie
(note: the S&P 500 note next to HAL is incorrect, should be next to CHK, I saw that somewhere, have not confirmed though)
Last April/May saw many oil, gas and oil/gas services stocks' prices hit their 200SMA and/or lower uptrend lines then realize huge gains over the next 8-9 months.
Many of these stocks are once again at or near this same moving average and/or lower uptrend line.
The below spreadsheet shows several that may be good candidates for riding through the next cycle. A few are below their 200SMA which is a bit worrisome, some have broken uptrend lines, this can be seen in the spreadsheet as stocks whose current prices are lower than the 200SMA price noted, or below the current position of the uptrend line.
FWIW -jonesie
(note: the S&P 500 note next to HAL is incorrect, should be next to CHK, I saw that somewhere, have not confirmed though)
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