Anyone else seeing this H&S forming here from the 26th til today...also falls in line with a rising trendline and wedge from the low of 5/01 to the low of today and the resistance b/o level at 2.68-2.72....looks like it could be lining up for an earnings run up...would love to hear some other thoughts on this..
As I've said before, this stock should be trading in line with XCO, SD, FST- at least $5 per share. Especially with the cash infusion yesterday and their hedging for 2013. No idea why this is stuck at $2.56 range, but it could have multiple days of double digit gains to mirror comparable NG producers. I've been long for a year and will continue holding.
You see this rising wedge forming here ont he daily chart right?
thats what im playing it for...that wedge...then you add in like 20% short and just a few days to cover and a possible earnings run up monday...i mean..everything is lining up for one, no?