Natural Gas was up 14% today and is up about 50% in the last two weeks. While it is extended right now, it looks like Natural Gas will be the commodity du jour for this hurricane season.
Here is a chart of the Natural Gas index. This looks like a bullish breakout with two resistance levels recently cleared.
CMED may finally have bottomed. They cleared downtrend resistance early in the day, but pulled back to the resistance zone. What is encouraging however, are all the positive divergences in the indicators.
HANS formally announced their earnings date today after the bell, and are an earnings run candidate. They may clear the little pennant / channel and make a run for the previous 52 week high.
I've been trying to locate shares of FMD to short for a few days now, but can't find any. This however, may be a good play for the options crowd. It looks like it is headed much lower to me.
Good Luck,
DT
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment