Note 1: Please alert the board of any stock crossing the 20,50,20dma’s on daily or weekly chart.
(link back for more charts)
Note 2: Please do an 8x34 chart on the stock; the 8x34 cross is the initial reversal sign of most stocks. Use the link below, just replace the ticker symbol. Post on the board when a stock crosses the 8DMA or the 34DMA and when the 8x34 cross is about to occur.
check to see if your stock has 8x34 cross in the making, look at Full Sto, and CMF indicators. just replace the ticker with your TICKER
Oil Price Resilience Fuels Another Big Energy Stock Rally This Week (ETE, AMID, JPEP, CCLP, XCO)
Oil surged 8% this week despite the fact that the producers' meeting between OPEC and Russia did not lead to an expected agreement to freeze production. Crude was unfazed by that outcome, instead ending the week at nearly $45 a barrel, which is a 2016 high. Instead of focusing on the disappointing Doha meeting, oil traders see that production declines in the U.S. are starting to take hold and will lead to a rebalancing of the oil market later this year.
The oil price rally helped provide a big lift to energy stocks this week. According to S&P Global Market Intelligence data, among the best-performing energy stocks during this week were Energy Transfer Equity (NYSE: ETE), American Midstream Partners (NYSE: AMID), JP Energy Partners (NYSE: JPEP), CSI Compressco (NASDAQ: CCLP), and EXCO Resources (NYSE: XCO).