Chart Of The Day - Advantage Oil And Gas

The Chart of the Day is Advantage Oil & Gas (AAV). I found the stock by sorting the 52 week high list to see which stocks are still having momentum and this stock was right near the top of the list. Since the Trend Spotter signaled a buy on 3/18 the stock gained 50.12%.

AAV is an intermediate oil and natural gas corporation, engaged in the exploration and development of oil and natural gas properties in Alberta and Saskatchewan in Canada. It focuses on developing the Montney natural gas resource play located at Glacier, Alberta. The Company's properties are located in Alberta and Saskatchewan, and consist of liquids rich natural gas and light oil.

(click to enlarge)

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 21.18% in the last month
  • Relative Strength Index 84.40%
  • Barchart computes a technical support level at 6.07
  • Recently traded at 6.36 with a 50 day moving average of 4.96

Fundamental factors:

  • Market Cap $1.07 billion
  • P/E 157.50
  • Revenue expected to decrease 7.60% this year but increase again by 13.40% next year
  • Earnings are estimated to shrink by 1050.00% this year buy grow again by 65.20% next year
  • Wall Street analysts issued 3 buy and 2 hold recommendations on the stock

The stock has had solid gains but I'd still use the 50 day moving average as a caution signal and the 100 day moving average as an exit point.

 

Disclosure: I am long AAV.

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