RIG is a high beta oil stock. We secured profits today and looking for another entry.
With the recent breakout and upside momentum in oil, this name caught a massive bid.
Crude oil has seen a sharp rise in just the last week and shaping up for a continuation move higher.
If this breakout holds energy stocks should continue to fly.
WTI has its first major resistance level coming up within 1% from current price.
Look for pullback buys in energy if oil continue to hold the inverse head & shoulder breakout.
With the recent breakout and upside momentum in oil, this name caught a massive bid.
Crude oil has seen a sharp rise in just the last week and shaping up for a continuation move higher.
If this breakout holds energy stocks should continue to fly.
WTI has its first major resistance level coming up within 1% from current price.
Look for pullback buys in energy if oil continue to hold the inverse head & shoulder breakout.
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