OKE Bull Flag Breakout
By Johns Wu on Jul 18, 2006
OKE, ONEOK Inc., has broken out of a bull flag pennant setup.
I like how the support at around $35 held at the recent retrace. Also,the runaway gap is another bullish signal. The OBV on this stock also looks strong.
Keep an eye on OKE because it is a utility stock, and utilities are a strong sector right now. Check the $UTY Utilities Index to see what I mean.
This entry was posted on Tuesday, July 18th, 2006 at 7:22 pm and is filed under Annotated Analysis.
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Interesting point. Growth estimate: down 26.1% current qtr, -34.7% next qtr, -7.5% this year. Earnings report Aug 8th