REXX - Rex Energy Corporation

Got pumped big time last night by Cramer. I like the chart, waiting on pull back.

posted a couple days ago in "heads up" thread....
strength continues...

This company was born as a spinoff from the Shaner Hotel Group... look them up as part of your DD. Lance Shaner is their cap'n. A smart business man, and his approach to real estate is stellar. Rex had some fairly poor flows from some NG tests in the Marcellus Shale region recently (last fall?), but I'm pretty sure the results were inconclusive - from what I understand you may need to poke a bunch of holes before truly knowing what is (or isn't) down there. I'm living in Rex Energy's corporate HQ town... .

you making $$$ on this run ???

Not holding, probably would have disclosed it if I were holding, considering my last post could be seen as a pump post. I'd probably play the bigger names trading down here (C, AIG, etc) rather than REXX. May have to watch this one.

we'll see what it does around 2.50 as it is already up over 100% in the past couple weeks...

running like the wind

blew right thru 2.50 like it wasnt there...

could be topping out for the near term... 4.00 is resist lvl...broke today intraday...want to see it close over 4.00 for me to play again...
nice run...

kinda lost track of this one back in march when it didnt stay over 4.00
and now up about 75% since then....and a 5 bagger in the last 3 months

kinda on a run...up another 50% in the past month...and a 10 bagger i the last 7 months...

Breaking out.

This is a nice bullish stock. Trends are clear, so that it follows perfectly the Weinstein system. Each time that it touchs the 30 week moving average is an opportunity to enter longs. Stochastic reached oversold territory and starts turning up



According to konkorde indicator, weak hands (green area) are out after the drop, while strong hands (blue area) are holding positions

I've never seen anybody use "konkorde indicator". I never even heard of it. Looks interesting.

yea that looks interesting, do they even have that for TOS?

edit: I don't see it

its probably an indicator he came up with. i sometimes will sit around making my own. it will just take in account a bunch of various things like amount of volume on each day and the percent the stock is away from the 200,100, and 50ma's. the further away the stock is from the ma and the more volume the more likely those are people entering at a top or bottom and are weak handed. there are a couple other ways this indicaor has been made. only charting platform with this, and its not called konkorde on it, is prophet.net. i have a membership there and they have one just like it.

the blue is the strength-people willing to hold and the green is weak handed holders.

also you can make similar ones by just over laying rsi and some moving averages over the volume. that can actually be done in tos. if anyone wants to know how i can show you

Makes sense.

broke support today, looks like it's going into free fall mode