TrendSpider Friday Analysis: A Look Back at Oil Stocks
In this Friday’s Analysis, we look at oil-based stocks as they have rallied over the last few weeks. We take a close look at the weekly SMA overlay on the daily chart as the price action is breaking through this area for the first time since the October meltdown. To view the Thursday analysis from two weeks prior, click here to see how the chart has materialized.
$CHK: Daily vs. Weekly SMA
$MRO: Daily vs. Weekly SMA
$USO: Daily vs. Weekly SMA