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6 pts

Opinion on  Nexen Inc. (NXY)     Sector: Energy  >  Industry: Oil & Gas Operations
NXY (NEXEN INC) Short Term Profit

Jun 27, 2007 08:02 PM GMT
Stockpick
Return Risk
-4.88% HIGH
Analyst

NXY (NEXEN INC) Short Term Profit

Bullish: 

  • Still strong accumulation.
  • The Stochastic is showing a bullish signal as the %K is below the %D but trying to cross it.
  • RSI (3) just is moving from oversold.
  • NXY is  above its 200 day moving average. This is considered to be the sign of a bullish trend.
  • Top Resistant is weak.
Bearish:
  • MACD is still in weak bearish signal.
Conclusion:  Long Buy for short term


NXY:  This call was made on 06/27/07 @ $30.51
Rating:   Positive   $30.51 (06/27/07)
Closed:   06/29/2007 @ $30.8 (+0.95% in 2 days)
Target:   in < two weeks


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