Natural Gas Stock for Next Week 9/1/17 $GUSH $UGAZ $GASL $ERX

Natural gas recovered nicely this week after Storm Harvey devastated Texas. The video below (thanks to Chart Guys) also shows that the technical charts for Natural Gas are looking quite Bullish in the medium term. Natural gas has a few stocks and ETFs that are poised to run next week but I have selected my favorite one to play. Check out

Tip: Although Natural gas stocks are seasonal, the commercial use of natural gas is predicted to rise 6 percent in 2017. This gives those longer term swing trades a higher chance of working out.

I have found a really nice natural gas stock that looks poised to move upwards next week. A nice double bottom has formed in the daily chart for $GUSH. I may be a little late on this one though – I would rather have gained an entry yesterday. If i play this stock, I will be looking for a move to the 50 MA. So the potential upside is about a dollar per share, $18.81 price target. I like the combination of a recovering sector, and a nice chart setup on a stock that performed well despite the market conditions in the natural gas sector. I am getting really into these types of plays recently and many have been working out really well!

I hope you guys have a good long weekend and come back strong and refreshed for the trading week on Tuesday!

Wesley.

P.S Read my story about where I get my trade alerts from for free!


Get a FREE Swing Trading DVD ($1000 value!)

Just click on the Get Instant Access button.

We respect your privacy

Please follow and like us:
0

Tags: ,

There are no comments yet, add one below.

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

Get free email trade updates from MILLIONAIRE TRADERS today!
Signup today for free and be the first to get notified on new updates.
Try Jason Bond Picks for FREE!
Join 100,000+ people getting FREE trading updates on stocks under $10