Monday, April 28, 2014

Chart of the Day - Clayton Williams Energy (CWEI)

The Chart of the Day is Clayton Williams Energy (CWEI). I found the stock by sorting the New High List for new high frequency in the last month then reviewed the charts using the Flipchart feature. Since the Trend Spotter signaled a buy on 2/5 the stock is up 70.72%.

CWEI is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company's proved oil and gas reserves are concentrated in the Cretaceous Trend, which extends from south Texas through east Texas, Louisiana and other southern states and includes the Austin Chalk, Buda, and Georgetown formations.

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