Technical Analysis of Financial Markets

Sunday, July 08, 2007

Nicor Inc. (GAS)

Nicor engages in the natural gas distribution and shipping businesses in the United States. A recent sell-off from 52-week highs saw stock price decline some 23% in a 2-month period. However, the 3-year uptrend has remained intact which is where price action is currently trading. Enter a long position exiting on break and close below the trendline support. BusinessWeek bullish article:

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