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:
After running up nicely last fall, ROSE fell pretty hard into this
year. Here recently the stock has been stalling at the key level of $50
(blue). You will notice that the $50 level has always been an issue for
ROSE whenever the stock has been under it. That level was also a brief
support in December.
The Tale of the Tape: ROSE has a key level of
resistance at $50. A short trade could be made on any rallies up to that
$50 area with a stop placed above that level. A break back above $50
would negate the forecast for a lower move.
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