Re: Everything OIL.
![Quote](images/misc/quote_icon.png)
Originally Posted by
Bullitt
I don't want to fall in love with this thing, and I have no position in it (yet), but UGA....
Higher lows, big volume on up days, above the 50 DMA which is trending upwards and look at that base. What are we thinking here guys, buy on a breakout over 24.50?
UGA leads USO, so we could also look to get in on some pin action if UGA breaks out by going long USO or UCO.
Yep, I've been looking hard at UGA. It's been on my watch list for about a month. All the DMA's are doing what I wanted them to, we're going into the summer season of high gasoline use, and today we had a bit of a pullback so it's not at the top of the bollinger band. The only down I can see is we're overbought on the SStoch, however we're just starting to come back down on the RSI(2).
My finger is on the button ....
Lady
If you think education is expensive, try ignorance. - Derek Bok