The Wrap 4/26/12

{+++}

XLE
XLE

Maybe energy is ready to go higher. As you an see in the chart above the white downtrend line was broken through on Thursday. That is bullish, you may also take note that the MACD on the bottom of chart has turned up, (blue line curling up through the white line). Volume is also improving. I regret not taking long some ERX on this yesterday, but if the move is not a fake out, then there will still be much time to make a few bucks in the sector.

GDI triggered yesterday and tonight I am adding GPOR at a 27.03 buy point. My stop is 25. The trigger is just above the 20 day moving average.

GPOR
GPOR

I am also adding MMR as a long. You can check the P&L for entry and stop.

MMR
MMR

Have a great night and I will see you on the chat in the morning.

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