Energy Stock Watch | Bulls on Wall Street

Energy Stock Watch

Tomorrow, we’ll kick off the week with a pre-market earnings report from Halliburton (HAL). From a swing standpoint, the daily chart is extremely attractive and a good report could propel HAL out of its bull flag just above horizontal support.  Energy stocks have been relatively strong lately and I think we’ll see impressive earnings from HAL and others considering oil prices were over $100 during a good span of Q2. NOTE:  make sure you know when these companies report so you’re not over exposed into their announcements.

Other energy stocks technically favorable:

BHI – nice consolidation pattern looking to setup for a move out to the upside.

HLX – trading range is tightening up with strong horizontal resistance just above.  Looks good for possible break on backs of strong HAL earnings.

 

RES – not a beautiful chart, but work keeping on the radar.

NBL – looking for continuation out of channel.  Nice volume on Friday.

CRK – Big move on Friday. Ideally, would like to see a little pullback and prove horizontal support before leg up.

CPE – I like this chart. Strong sma200 support.. a move through 7.25 could open the doors.

WTI – watching bull flag for breakout and test of highs from April.

EP – a great looking chart from a stock that spends very little time under sma50.  Nice triangle breakout watch.

 

Others to consider:

APC at $81

COG over $59

AXAS over sma100

CLR over $70

 

 

 

 

 

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