REXX - Rex Energy Corporation - Page 18

Nice move end of day....10.75 0.69(6.86%)
 

Yeah kv,nice close today one penny off the high of the day. I am not gong to get to excited yet,as recent weeks has shown  Rexx does seem to get knocked down erasing decent gains. There was some news over the past two days that no one mentioned.

Yesterday,BMO Capitol upgraded REXX to outperform with a $13 PT and today.they announce a new CEO who worked recently for Sandridge Energy. 

$10.75 was the close today with the 100 sma being 10.83 and the 200 sma at 12.40. Being up just under 7 percent today,some profit taking tomorrow may occur.

What I am watching and hoping for is a close and then a  break above that upper trend line on the chart below . If we close above it, I think a quick burst to 12 and possibly just shy of the 200 sma may happen before pulling back again.

What do you guys think? Am I smoking crack?

Quote:

Originally Posted by trade2getrich 

$10.75 was the close today with the 100 sma being 10.83 and the 200 sma at 12.40. Being up just under 7 percent today,some profit taking tomorrow may occur.

 

What I am watching and hoping for is a close and then a  break above that upper trend line on the chart below . If we close above it, I think a quick burst to 12 and possibly just shy of the 200 sma may happen before pulling back again.

 

What do you guys think? Am I smoking crack?

 

 

I like that analysis, I hope that pullback only comes to the low $10, high $9 area for support and we dont get back to $9.50, but this stock has been 7% up one day 7% down the next, Need to keep an eye on CHK, this has been trading very similiar, i think more so than Nat Gas lately..we shall see...Good Luck!

Up .39 or 3.8 % for the day closing at 10.64 well off the high of the day of 10.92. I am liking this more and more over the next 4-8 weeks as macd has crossed to the upside on the all important weekly time frame. Today,after the bell,news was released on schedule as per their conference call in reference to the  Bluestone Cryogenic Facility being commissioned. Other news listed below was also released.All in all, it looks like a pretty busy month is in store,hopefully,its all positive.

Couple this with accommodating induces( I am in the camp that our 8 or 9 % correction was it and markets will now trend up for a bit) some nice gains could be on the horizon. Lets see how it all plays out. Good luck longs!!

Yeah Markets not helping either, every time we get some legs the markets take's a dump..like T2GR im long, but its frustrating how many times i could have flipped this.
 

Quote:

Originally Posted by kevin1612 


def coulda flipped and swung it around a few times...guess now ill see if it tries the 9.00 thing again and evaluate then

Nice Bounce off  $9.00 sittin @ 9.28 0.04(0.43%)  CHK and UNG having great days, REXX is trying to follow!

9.81 0.52(5.60%) best day in a while for Rexx
 

Quote:

Originally Posted by kevin1612 

still hasnt lured me in yet lol

Looks like Rexx is going to have to try a different lure lol...hopefully have another green day tomorrow..but with Rexx you never know.

Quote:

Originally Posted by kevin1612 


yea...i am in and out during the day ...not always rt at or near computer

I hear ya, same here, some days i can be watching most of the day, but most of the time not...thats why i have not been able to flip this. Was able to to get into GPOR today right before it took off.

10.12 0.35(3.58%) 
 

Quote:

Originally Posted by kevin1612 


revving up for another pullback ??? lol

But of course!