Long

AXAS set to run

Updated

Abraksas Pete, AXAS is set to run again. With the weekly chart breaking above the 34sma returns look promising. This stock could run up to the $3 range yielding a nice return. The daily chart and hourly charts also look good. As long as the OIL services sector continues higher AXAS should move higher as well. Others to looks at are GUSH, RIG, DO, VLO. Stay in this one, until you see the stock drop below the 34sma on the daily.

Note

Hourly chart moving higher out of the channel. Good luck

Trade closed: target reached

Oil cycle getting long, don't want to over stay my welcome. SOLD

bhowe

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