Sector Scan: Energy Stocks

The energy stocks I track are looking mostly bullish

   

My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing a variety of opportunities in oil and natural gas stocks. These names are both volatile and liquid, two important characteristics of profitable options trading.

Use the following information to help you with your own options or short-term stock trading program.

Buy Watch

These stocks are in strong upward trends, with excellent upside potential. Buy on any further strength.

  • Valero (NYSE:VLO)
  • Occidental Petroleum (NYSE:OXY)

Quiet

These stocks are in upward trends, but are temporarily leveling or pulling back.

  • Apache Corp. (NYSE:APA)
  • Exxon Mobil (NYSE:XOM)

Guarded

This stock is in a downward trend that is beginning to show signs of weakening, though it has not yet accelerated its downward descent.

  • Sunoco (NYSE:SUN)

Backing and Filling

This stock has rallied way up from a downtrend, but then dropped from those higher prices to “fill” lower price areas.

Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/sector-scan-energy-stocks-2/.

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