5 energy stocks I’m looking to buy
Gary Kaltbaum is an investment advisor with
over 18 years experience, and a Fox News Channel Business Contributor. Gary
is the author of href=”https://tradingmarkets.comtmu/store.site/stocks/Books/6026/”
>The Investors Edge. Mr. Kaltbaum is also the host of the nationally
syndicated radio show “Investors Edge” on over 50 radio stations. Gary is also
editor and publisher of “Gary Kaltbaum’s Trendwatch”…a weekly and monthly
technical analysis research report for the institutional investor. If you
would like a free trial to Gary’s Daily Market Alerts
href=”https://tradingmarkets.comsubscriptions/details.cfm?item=5736&subcat=st”>click here. 888-484-8220 ext. 1.
On February 1, we turned negative on the OILS for the short run. Since, most
have been trashed. In the past couple of weeks, we maintained that stance
allowing for the fact they could bounce at any time and allowing for
geopolitical events. We told you that until we saw signs of accumulation, to
stay away.
For the most part, we maintain that stance as many stocks are just downright
ugly looking. But, we are starting to see compelling action in a few stronger
names that we wanted you to know about. If these stocks can close above the
following levels…on volume, they will be worth looking at…in the short-term.
(
SLB |
Quote |
Chart |
News |
PowerRating) above $120
(
OXY |
Quote |
Chart |
News |
PowerRating) above $93.58
(
MRO |
Quote |
Chart |
News |
PowerRating) above $72.79
(
SU |
Quote |
Chart |
News |
PowerRating) above $77.70
(
KMG |
Quote |
Chart |
News |
PowerRating) above $101.57
We are also noticing continued great relative
strength versus their peers in:
(
FTO |
Quote |
Chart |
News |
PowerRating),
(
DO |
Quote |
Chart |
News |
PowerRating),
(
RIG |
Quote |
Chart |
News |
PowerRating),
(
BHI |
Quote |
Chart |
News |
PowerRating),
(
PBR |
Quote |
Chart |
News |
PowerRating) and
(
NE |
Quote |
Chart |
News |
PowerRating).
Gary