ESV Runs Out of the Gates

Well, didn’t take too long for our oil sector picks to start moving, and shares of Ensco International (ESV) are now trading above $55, up over a point or about 2% on the day. If you didn’t take your position with the break above $54 yesterday, wait now until the MACD claims the stock is oversold (as it is way overbought currently) then grab a position. My guess is if you are lucky you may be able to grab some around $54.50 or .60.

More on this topic (What's this?)
Goldman Recants Its $200 a Barrel, "Super Spike" Call for Oil (naked capitalism, 11/20/08)
Mexican Oil Exports Could Cease in 4 Years (Jim Kingsdale's Energy Investmen..., 11/13/08)
How Oil is Actually Priced: Be Worried (Jim Kingsdale's Energy Investmen..., 9/29/08)
Read more on ENSCO International, Oil Prices at Wikinvest

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-- Posted by Blain Reinkensmeyer on December 14, 2006 at 9:56 am --

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