Energy stocks had a nice day on news surrounding the EU agreement on an Iran oil embargo. When news focuses global attention on a sector, it’s time to do some scanning… here are a few energy stocks that had a rough 2010 with setups worth watching to the long side.
FST – Interesting daily chart testing sma100. Weekly shows bullish MACD.
TLM – I like the weekly chart. It’s a nice swing setup if we can get through sma20. MACD has already crossed and setup nicely for extended swing.
DVN – Looking for the weekly breakout.
