1) Able Energy Inc. (NASDAQ: ABLE)
2) I perfer energy stock in this period. The reason behind is energy price already stable for almost one month around $60/per barrel, I don't think oil price will go down further in the next couple of week. so far there is still 30%-40% refinery in Gulf Of Mexico shutting-off. Consumer will get bigger bill for their heating, cooking and driving. Able Energy is tiny company operating in NJ. He serve and distribute heating oil, biodiesel. last Q company report record sales of $13.1 million, a 59.8% increase over the same period of 2004. This is not bad for a market cap only 24 million company. and stock price drop 50% more from peak 23 along with energy price decline. stock already stable almost one month. it will head north with winter coming, I believe.
3) from point of TA, it is forming triple bottom, and aim to break out resistance @11 (50ma), as chart indicator. if break out happend, first target will be 15. now volume is picking up in the past few days.
2) I perfer energy stock in this period. The reason behind is energy price already stable for almost one month around $60/per barrel, I don't think oil price will go down further in the next couple of week. so far there is still 30%-40% refinery in Gulf Of Mexico shutting-off. Consumer will get bigger bill for their heating, cooking and driving. Able Energy is tiny company operating in NJ. He serve and distribute heating oil, biodiesel. last Q company report record sales of $13.1 million, a 59.8% increase over the same period of 2004. This is not bad for a market cap only 24 million company. and stock price drop 50% more from peak 23 along with energy price decline. stock already stable almost one month. it will head north with winter coming, I believe.
3) from point of TA, it is forming triple bottom, and aim to break out resistance @11 (50ma), as chart indicator. if break out happend, first target will be 15. now volume is picking up in the past few days.
