Oil and Gas stocks

5 Oil and Gas Stocks That Are Ready to Break Out
January 7, 2025 – 04:20 am

BALTIMORE (Stockpickr) - If there's one sector you didn't want to own in the last six months, it's energy sector. As oil prices have plummeted since last summer, the energy sector has seen its profits shrink - and its share prices tumble in kind.

But as nasty as it's been to own these stocks lately, counting oil and gas stocks out in 2015 might be a bigger mistake. That's because while crude prices remain deflated this spring, some energy sector names look primed for breakouts. That's a rebound you won't want to miss, especially considering how hard to come by performance has been in the broad market this year.

That's why we're turning to the charts to find five big energy stocks to buy for breakout gains this month.

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

Source: www.thestreet.com
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