TrendSpider Friday Analysis: A Look Back at Oil Stocks

03/01/2019| By Brad Ritter

1 min read

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.

Video Analysis

TrendSpider Thursday Analysis: A look at Oil and Stocks Related

$CHK: Daily vs. Weekly SMA

$CHK chart.

$MRO: Daily vs. Weekly SMA

$MRO chart.

$USO: Daily vs. Weekly SMA

$USO chart.

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