Up-trend reaches 11th day; XEC–cup with handle break-out?


All of my indicators are positive, as the QQQQ short term up-trend completes its 11th day. With oil prices rising, oil stocks are hitting new highs.   One stock at an all-time high that may have broken from a cup with handle base is XEC.   See the weekly chart below (click on to enlarge). The “NA” on the chart shows when IBD wrote about XEC in their New America column of promising stocks.

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