Rosetta
Resources Inc., an independent exploration and production company,
engages in the acquisition, exploration, development, and production of
onshore oil and gas resources in the United States. It owns producing
and non-producing oil and gas properties located primarily in South
Texas, including the Eagle Ford, and in the Southern Alberta Basin in
Northwest Montana. As of December 31, 2011, the company had an estimated
965 billion cubic feet equivalent of proved reserves, including 36,370
million barrels of oil, 50,219 million barrels of natural gas liquids,
and 446 billion cubic feet of natural gas, as well as drilled 53 net
wells. Rosetta Resources Inc. was incorporated in 2005 and is
headquartered in Houston, Texas.
To analyze Rosetta's stock for potential trading opportunities, please
take a look at the 1-year chart of ROSE (Rosetta Resources, Inc.) below
with my added notations:
ROSE has a key level at $45 and another at $50. The $50 (maroon) level
has been resistance ever since the stock fell below it at the end of
May. $45 is a level (blue) that has been both support and resistance
several times since April. Last week the stock broke back above it's
level of $45 and is now in between it and the $50 resistance.
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