Energy stocks having been on fire. While it's too early to tell, I suspect we may be in the midst of resuming a multi-year energy bull market. I certainly don't want to miss the boat if this is true, so I skipped my usual Saturday nap (after playing tennis or basketball) and reviewed over 300 energy charts. Here are the top 30 energy stocks that I will be watching in the near future, along with my entry point notes (pb means pullback and bo means breakout).
Oil Drillers:
PDE - pb 30
ATLS - pb 54
GSF - pb 60 or bo 63
HP - pb 29
RIG - pb 80 or bo 83
ESV - pb 52
ATW - pb 52
PKD - pb 9
Oil Refining:
SVN - pb 69-70
HOC - pb 57-58
HES - bo 56
WNR - very extended
DK - pb 17
Oil Pipelines:
KMP - pb 51
TPP - pb 42-43
PAA - pb 56
Oil Equipment:
SPN - pb 32
SII - pb pb 44-46
NOV - pb 67-72
CAM - pb 58
GMRK - pb 40
TESOF - pb 22
Major Oil:
TOT- now, trendline tag
E - now, trendline tag
XOM
CVX
Independent Oil:
COG - pb 65
DVN - pb 64
In the coming days, possibly tomorrow or Monday, I'll post some of the better looking charts.
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