Natural Gas Stocks Pop in Down Market

Some natural gas stocks did well in today’s terrible tape.  Two that we are watching and are long are Ultra Petroleum (UPL) and Southwestern Energy (SWN).  Both have been consolidating and have recently cleared their 50-day moving averages. Southwestern pierced 5-month resistance today.   The Japanese nuclear disaster has generated market talk of “paradigm shift” in global energy policy, which should benefit natural gas.

(click here if charts are not observable)

This entry was posted in Charts, Commodities, Crude Oil, Equities and tagged , . Bookmark the permalink.

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