Read MrKnoWhen's blog in RSS
June 11, 2009
Edited: June 11, 2009
Share ThisINNOVEST BuySellHoldAdvice Report for PETROLEUM DEV CORP
Market is NASD, Ticker Symbol is PETD, Company Website: petd.com
THE INNOVEST RATING IS CURRENTLY BUY. It is a Short-Term Buy, Confirmed.
OUR ANALYSIS SUGGEST ACT NOW : BEFORE THE UPTREND BECOMES EXTENDED.
Our Composite Rating is 6, suggesting NEAR-TERM THE OUTLOOK IS STRONGLY BULLISH.
The Innovest Chart Code is 851-0-7-3-8 meaning the short-term chart pattern suggests: THE UPTREND IS EXTENDING EVEN-THOUGH, A REVIEW OF TREND EXHAUSTION CHARACTERISTICS SHOWS, TENDENCIES FOR PRICES TO BEGIN DECLINING ARE UNPREDICTABLE AT UNDER 50%; AND THE LONGER-TERM TREND PERSISTENCE IS RATED, UPTREND GAINING STRENGTH.
The 06/10/2009 Closing price was $18.56. EXPECT TREND SUPPORT AROUND THE 50 DAY MOVING AVERAGE, Presently at $17. Our TREND ANALYSIS PROJECTS THE NEAR-TERM UPSIDE POTENTIAL TO BE, $26 to $30.
Always enter a -8% Stop-Loss order, and allow it to become a Trailing-Stop as price advances.