TwinTrader.com announces the publication of Breakout for BBG; highlighting public companies on the move and what’s behind the surge.
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“Bill Barrett Corp. explores and develops oil and natural gas locations in the United States, where, unlike the fields in the Middle East, oil and gas development is expensive. At $140 per barrel of light sweet crude and natural gas prices above $13, development in the United States is very profitable…
“Bill Barrett’s chart indicates a nice bull trend mirroring oil and NG prices. Even at the low back in late January, the daily RSI(14) never reached 30. And since the low, the stock has never pierced the 40 level, implying strong underlying strength...”
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