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REXX - Rex Energy Corporation - Page 7

post #121 of 422

REXX 2012-02-22-TOS_CHARTS.png

 

Too bad you did not get in this morning Rs . If I had the extra cash,I would have been buying at 10.0 and selling at 10.5 all week. With the offering share price set at 9.25,it was reasonable to believe that,that was the bottom.With that and earnings out of the way,REXX should go up from here IMO. There's resistance at 11,but,once past that,13's should come up fairly quickly barring a major correction.

 

In addition to momentum studies monitored, PPS and the 2 Line MA (9&18 D) are showing buy signals. PPS showed a buy on Feb. 8th while the latter flashed the signal yesterday with a cross above 10.34.

 

Conference call was boring.  Price as I write this is 10.85...up 3.7%. In the past run-ups were mostly given back, Lets see what today brings.

post #122 of 422
Quote:
Originally Posted by trade2getrich View Post

REXX 2012-02-22-TOS_CHARTS.png

 

Too bad you did not get in this morning Rs . If I had the extra cash,I would have been buying at 10.0 and selling at 10.5 all week. With the offering share price set at 9.25,it was reasonable to believe that,that was the bottom.With that and earnings out of the way,REXX should go up from here IMO. There's resistance at 11,but,once past that,13's should come up fairly quickly barring a major correction.

 

In addition to momentum studies monitored, PPS and the 2 Line MA (9&18 D) are showing buy signals. PPS showed a buy on Feb. 8th while the latter flashed the signal yesterday with a cross above 10.34.

 

Conference call was boring.  Price as I write this is 10.85...up 3.7%. In the past run-ups were mostly given back, Lets see what today brings.


I am riding this train at 10.50

 

post #123 of 422
Man wish I had seen they closed that offering already, would have had this higher on my radar today. I think for anyone with a hold time frame of months, this is an easy buy even at 11. I'm very tempted to pick some up, especially for the kid's college acct.
post #124 of 422

Are you selling at 11?

post #125 of 422
Quote:
Originally Posted by trade2getrich View Post

Are you selling at 11?



No, but if it can't break 11 and hold then I might have to dump 1/2 of it at least.

post #126 of 422

nice... making a run into the close

post #127 of 422
looks like it is going to trigger a nice little range breakout I think 11.10 is the old swing high off the 9.xx lows. Fully expecting substantial and immediate follow through on this one, based on the flat base it formed, today's volume and bullish engulfing candle, along with this technical breakout here, hit as I typed, REXX should be on its way. Got the kid's moolah in at 11.01 after my 10.89 alert triggered on the intraday swing low and it ran right back up, forcing my hand to get long higher. No worries.

ED: Beg pardon 11.10 was a swing high from after the dilution was announced and before it completed.
post #128 of 422
Bought in a couple days ago before earnings. Planning on holding this for a little depending on what happens. I wanna see it hold 11.00.
post #129 of 422
Quote:
Originally Posted by rando View Post

looks like it is going to trigger a nice little range breakout I think 11.10 is the old swing high off the 9.xx lows. Fully expecting substantial and immediate follow through on this one, based on the flat base it formed, today's volume and bullish engulfing candle, along with this technical breakout here, hit as I typed, REXX should be on its way. Got the kid's moolah in at 11.01 after my 10.89 alert triggered on the intraday swing low and it ran right back up, forcing my hand to get long higher. No worries.
ED: Beg pardon 11.10 was a swing high from after the dilution was announced and before it completed.

Sure hope you're right biggrin.gif I am counting on this one too. Was worried yesterday AH when it went down, but I saw it was fairly light volume. Good breakout here.
post #130 of 422

That was nice for a change to see gains of the early afternoon not only hold,but,added to on a day when indicies were down.It hit the high of the day of 11.15,right at R2. Taking simple measurements from the 20 SMA and barring horrible news, 15 should be attainable inside of three months easily for those willing to hold.Good luck everyone.

 

By the way Rando,LNG is starting to roll getting closer to the 20 SMA.

post #131 of 422
post #132 of 422
I really like using the daily 8EMA for short term momentum. The move up yesterday sliced through it. When the next open holds the upper end of the candle from that bullish move through the 8EMA then moves up quickly, it's a very high probability bullish move. Obviously the new shares will weigh on a move up, but I could see this one getting over 13 in the next two weeks, I'm hoping to see 13.50 plus within a month, if so I'll take that to the bank... if not I can wait longer for higher levels.
post #133 of 422

a little light on the volume this morning, but the green does look good :) thumbup.gif

post #134 of 422
nice pause today with nat gas down some...might wanna play some soon

425
post #135 of 422

"nice pause today with nat gas down some...might wanna play some soon"

 

 

I think the pause is good for those of us willing to hold for 1-3 months or longer and would rather see this trade in the bollinger bands,rather than over it as it is right now.
 

post #136 of 422

recovered nicely

post #137 of 422
Quote:
Originally Posted by trade2getrich View Post

"nice pause today with nat gas down some...might wanna play some soon"


I think the pause is good for those of us willing to hold for 1-3 months or longer and would rather see this trade in the bollinger bands,rather than over it as it is right now.

 

agreed...nice for it to take a day flat to down like today
post #138 of 422

REXX 2012-02-24-TOS_CHARTS.png

Quote:
Originally Posted by rando View Post

I really like using the daily 8EMA for short term momentum. The move up yesterday sliced through it. When the next open holds the upper end of the candle from that bullish move through the 8EMA then moves up quickly, it's a very high probability bullish move. Obviously the new shares will weigh on a move up, but I could see this one getting over 13 in the next two weeks, I'm hoping to see 13.50 plus within a month, if so I'll take that to the bank... if not I can wait longer for higher levels.



Right now, that's my exit price also on at least half if not all of my position with the probability of buying it back on a $2 or so dip.

 

I was just looking at a 2 year weekly chart. If the current trend continues,macd "could" go positive in 3 or 4 weeks. Over the past 2 years when that has happened,the trend continued and peaked for approximately 4-5 weeks.

 

Rando would you look at a weekly time frame and share your opinion on this?

 

As Rs mentioned,this came back nicely today in the face of weaker internals later in the afternoon.Good sign.

 

post #139 of 422
The weekly makes REXX look like a lot more of a neutral but pretty fierce battleground compared to the daily, which looks a little more washed out as if the bears have done their work and bulls have begun to rebuild. So I'm somewhat leery of making really quick progress beyond what has already been accomplished. This opinion is magnified by my kid's college fund longing this on a momentum/breakout anticipation basis from 11.0x rather than the low 10s or below like some of you. My risk exposure is therefore a factor in my opinion here.

If I can get 12.45-12.70 in the next week, I'll probably unload. The weekly 50 SMA is 12.47, the daily 200 SMA is 12.68, and a 38.2 fib retracement of the big move from 18-9 is around 12.50. Draw a horizontal line there and it looks like a possible inflection point to me. Since i also believe there is an elevated risk of this volatile quick moving stock to test 11 or mid 10s (10.40-ish), I'm ready and willing to get out with the intent to reload lower. But REXX is a bit of a beast, it can run or reverse so quickly that you just have to pick your risk comfort level, some appropriate targets, and stick to your plan. If I ride it from 11 to 12.50 and then can't get back in at a good price, I'll move on. But looking at that big red candle in mid Jan, REXX has the volume right now to work up through that candle (from 11 to 15) I just don't trust it to get that high in one push, which reinforces my mild caution in staying long this name. Also my stepson is a HS Junior and we want a little extra juice before he starts school in 18 months, so I'm looking for as many quick hitters as possible. If he was 12, I'd probably be more inclined to lock the shares up to the 16+ level, at least.
post #140 of 422

Thanks for taking the time Rando to check that out. I'll see how this opens next week but will probably place a couple of GTC orders in  at two different levels just in case we spike up. I do think it drops a bit  more before going up though.

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