iBankCoin
Joined Jan 27, 2008
7,178 Blog Posts

Is It Time To Buy Oil Stocks?

With the market hovering around all-time highs, will oil & oil stocks stay deflated into year end? Oil has recovered a bit since almost breaching $50/brl over the summer, and now the fight for $55 is here. So long as oil holds $55, I think you can start picking at some of these oil names for a trade. Over yesterday’s high in the commodity, $56.92, let’s say $57, and you need to be on guard for a breakout in black gold. Under $50, and all bets are off in the oil patch. See the multi-year weekly chart below:

__

The reason I bring up oil tonight, on this fine fall night, is because the hybrid screen inside Exodus is firing tickers at me within the oil industry. Based upon our Algos, the following names saw big jumps in overall score:

For the full list of today’s hybrid movers: CLICK HERE FOR CHARTS. Are you buying oil stocks here?

If you enjoy the content at iBankCoin, please follow us on Twitter