PPR - KEG pocket pivot
Oil & gas company, KEG, showed a pocket pivot in today's trade. Earnings and sales have been explosive over the last few quarters as it capitalizes on hydraulic fracturing, one of the fast growing areas of oil drilling. Institutional sponsorship has increased over the last 4 quarters. Overall rating 89.
Keep in mind that since it is an oil stock, it can have a tendency to retrace to its 50dma before moving higher. One could position size a small amount here, then add to their position as KEG wends its way higher, with possible bounces off its 50dma.
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