Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Natural Gas Stocks Running Out Of Steam 0 comments
    Apr 16, 2013 10:56 AM

    This morning, many of the leading natural gas stocks have faded from their highs at the start of the trading session. One of the leading stocks in the sector is Devon Energy Corp (NYSE:DVN). Today DVN stock is trading higher by 0.48 cents to $53.58 a share. This stock traded as high as $54.16 a share after the opening bell rang at the New York Stock Exchange. Short term traders can watch for some intra-day support around the $53.00, and $52.00 levels. This stock is now trading below the important 50-day moving average on the daily chart so the stock remains in a vulnerable technical position. Swing traders should note that there will be some daily chart support around the $51.00 area.

    Some other leading natural gas stocks that traders should follow include Southwestern Energy Co. (NYSE:SWN), Chesapeake Energy Corporation (NYSE:CHK), Clean Energy Fuels Corp. (NASDAQ:CLNE), and Cheniere Energy, Inc. (NYSE:LNG). All of these stocks will often be affected by the price action in the natural gas futures. Today, natural gas for May delivery is trading higher by 0.3 cents to $4.14 per thermal unit.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.