UNG

By Steve Abraham on Feb 11, 2008

One of the few stocks that look good to me is an ETF called UNG (United States Natural Gas). This is basically an exchanged traded fund for Natural Gas. I like the Natural Gas play. According to some experts, the natural gas play will come to fruition later in the year. Well, to me, it looks like the move may already be happening now. The 1 yr UNG looks like the stock has bottomed an wants to move higher. Notice the bullish divergence between the stock price and the MACD. Also, the trend is looks bullish. I think UNG is an ETF to keep an eye on for awhile.

This entry was posted on Monday, February 11th, 2008 at 4:21 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

4 Responses to “UNG”

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