$USCR was nearly $100 a share in January 2018 and has been decimated to recent levels. Chart is a bit sloppy as stock has a thin float, but I see a bullish inverse head and shoulders with a measured move target of $53. From the top of the head to the neckline is $18. Add $18 to current price and you get a $53 target. I am long. Let the infrasturture rebuild begin!
$CLF has been a downtrending channel for months and pushed out of the channel recently consolidating in a bull flag. Now pushing higher out of bull flag and I can see this cruising back to September high of $13 in time.
$X is pushing higher through top of ascending triangle resistance. I am long and am looking for $30.
$X has been slashed in half over past few months but is now showing signs of life and I am building a long position. X is trading above the 8 day ema and above the 20 day sma which is also turned higher. $X is printing a bullish ascending triangle and next leg should be up.
$EQT is one of the largest pure play natural gas producers in the world and has been consolidating in a long base for 3 months printing higher lows. Insiders are snapping up shares. Several large hedge funds are building positions and pushing for constructive changes to boost shareholder value. Hedge Fund Manager D.E. Shaw Supports Shake-Up At EQT 12:39 PM ET,...
$ECA has been destroyed getting lumped in with recession fears, falling oil, and it's recent acquisition of $NFX. However, insiders have buying shares hand over fist and I am following their lead. $ECA is more levered to nat gas which is squeezing higher and I expect $ECA to follow with a massive run higher soon.
$UNG $UGAZ is forming a massive bullish triangle with more freezing temps on the way. $RRC $ECA $SWN $APC have been underperforming and price will converge at much higher prices.
Nobody believes in this nat gas rally. If you take a step back you can see a long multimonth base and now the formation of a bullish symmetrical triangle which is a continuation pattern for higher prices
$ECA insiders have been snapping up shares all month since the recent announcement $ECA would be purchasing $NFX which they picked up on the cheap. $ECA stock has been pummeled but looking ready to move higher. Who knows better than the CEO what is good value here and he has been buying shares as recent as yesterday. $ECA is printing a bullish inside day today.
$SWN has been beaten down with the rest of the energy names but finally is looking ready to move higher. $SWN printing higher lows and higher highs & trading above the 200 day ema in recent months and now the 200 day ema is turned higher. I am adding to long today. $SWN is levered to nat gas and prices are moving higher adding to $SWN profits. $SWN is a buy at...
$RRC has been beaten down with the energy sector, but is mostly levered to nat gas which is ripping higher. Great opportunity to go long here at 200 day ma which is now acting as support and turning higher. Trendline support is coinciding with the 200 day ma as well giving dual support.
$CLF recently posted strong earnings and instituted a dividend. $CLF is the #1 pure play iron ore producer used in making steel. I am looking for infrastructure rebuild to be a theme in 2019 of which $CLF will be a vital player. $CLF is buying back near term debt and has a strong free cash flow which is improving every quarter. Longer term I am looking for at...
$ECA got $NFX assets dirt cheap and is now a nat gas and oil powerhouse. Nat gas has been ripping higher and $ECA has not participated as it digests the acquisition. This gives a great opportunity to buy in at a steep discount and I am looking for a minimum 20-25% move higher as an initial target on a gap fill to $10+ from $NFX purchase.
$PDCE positioned well when oil $USO rebounds and it will. Colorado drilling ban rejected and stock popped to $53 on the news. I am buying large under $39 here. $PDCE has strong assets in Delaware Basin and Wattenberg.
$BECN another name hit with higher rate fears but should have tailwinds with spending from hurricane and infrastructure rebuild. Insiders have been buying recently as well. Was $66 just earlier this year. Bargain bin. I am a buyer here.
$LPX has been crushed in recent weeks with higher interest rate fears. Sentiment has gotten overly negative and there is a lot of hurricane rebuilding and infrastructure spending to come. I am a buyer here.
$SUM has been beaten on higher rate fears, but infrastructure spending coming after the midterms and $13 is an unbelievable steal of a price. Was $34 in just January.
$USCR was an $85 stock earlier this year and has been crushed with higher interest rate fears. $32 is a steal and just now pushing higher out of falling wedge resistance. Bargain basement prices.