Long APC
With oil prices on the rise, we should see an increase in earnings for oil/gas and plastic manufacturing companies.
APC is an American petroleum and natural gas production company headquartered in Woodlands, TX. It has out-performed the S&P by 7 percent over the past 4-weeks.
APC currently trades below its 52-week high (73.33) at 47.79. It's average Put/Call ratio is 1.24. It currently shows a ratio of 1.22, displaying less negative sentiment than average.
Its price is currently at a strong S/R line on the daily chart and is trading up on the weekly chart. The RSI is currently ranging bullish between 80 and 56. The previous day produced a higher high and a lower high but with a negative net change.
I'm personally going long when the net change turns positive.
APC is an American petroleum and natural gas production company headquartered in Woodlands, TX. It has out-performed the S&P by 7 percent over the past 4-weeks.
APC currently trades below its 52-week high (73.33) at 47.79. It's average Put/Call ratio is 1.24. It currently shows a ratio of 1.22, displaying less negative sentiment than average.
Its price is currently at a strong S/R line on the daily chart and is trading up on the weekly chart. The RSI is currently ranging bullish between 80 and 56. The previous day produced a higher high and a lower high but with a negative net change.
I'm personally going long when the net change turns positive.
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