Unconventional Oil and Gas Stocks Have A Good Week


FRAK is an Unconventional Oil and Gas ETF. It spurred up to new 2 year highs this week and closed above the previous high.

FRAK 20140405

While it did pull back on Friday, this chart suggest a renewed push into these plays. As this ETF only has 100000 shares a  week, it is a little light to trade with. With the SCTR ranking pointing straight up and above 90, this sector should get some momentum here but investors may choose to look at individual stocks or other energy ETF's breaking out.

Another sector gaining huge momentum is the Utilities sector. The equal weight utilities ETF has an SCTR ranking of 96. 

$RYU 20140405

While this is also light in volume, it does help point investors to individual industry groups that might be breaking out. These can be found in the sector summary on the home page. 

This Industry group profile shows telecommunications and conventional utilities having a very strong month even though Friday was a huge down day. 

Screen Shot 2014-04-05 at 1.29.23 PM

This table is clickable. You can click on each one of these links once you open the table in a new tab to see the stocks within each area. The Conventional Utility area has been dominating the top of the SCTR rankings lately.


Good trading,

Greg Schnell, CMT

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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