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JimVanMeerten (67.58)

Double Eagle Petroleum buy signals

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July 06, 2011 – Comments (0) | RELATED TICKERS: ESCR

Complete Article & Graphs

Today I added Double Eagle Petroleum (DBLE) to the Barchart Van Meerten Speculative portfolio solely on price momentum.

Barchart technical indicators:
1 - 80% Barchart short term technical buy signal

2 - Trend spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 16 new highs and  up 53.03% in the last month

5 - Relative Strength Index 74.24% and rising

6 - Trades around 9.40 with a 50 day moving average of 7.67

Summary:  Double Eagle Petroleum (DBLE) has always had volatile sales and earnings so it is a highly speculative holding.  Nothing is sure on this one.

Jim Van Meerten is a Marketocracy Master

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