Well, I hope this is the last offering for awhile but an additional 16 Million in proceeds should help put them over the top on funding for upcoming drilling.
EMERALD OIL (AMEX:EOX) Strong Uptrend Up Arrow Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, EOX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend): +10 Last Hour Close Above 5 Hour Moving Average +15 New 3 Day High on Friday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, June 18th +30 New 3 Month High on January 10 +100 Total Score