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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| UNG | Equity Investment Instruments | 8.60% | n/a | 5 | 26-Mar-08 | Prior Holding |
12-Feb-08
UNG: Natural gas gaps up on high volume
Holding Rationale for UNG.
I found this while reviewing the commodity futures charts at http://www.bohl.minot.com/display.pl
See the March Natural Gas futures contract in particular.
UNG is trading pretty much in sync with the near futures contract, and gapped up yesterday on double the average volume. There are also a couple of highs from August and November remaining to take out. That would complete a major bottom. I bought this on the open. My initial stop is at 36.99
Tagged Stocks: UNG
Posted at 15:27 in Holding Rationales | Permalink | Comments () | Top
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