Double Eagle Petroleum buy signals
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