Whiting Petroleum Corp (NYSE: WLL)

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2014, the company’s estimated proved reserves totaled 780.3 million barrels of oil equivalent; and had interests in 4,471 net productive wells across approximately 886,700 net developed acres.
Take a look at the 1-year chart of Whiting (NYSE: WLL) below with the added notations:

WLL has been working its way lower over the course of the past year. In the process, the $20 price level (blue) has become very important to the stock over the past 3 months. The $20 level not only provided WLL with support at the end of July, but that level was also a key resistance back in August. Now, the stock is back above that $20 level.

The Tale of the Tape: WLL has a key level at $20. A trader could enter a long position on a pullback down to $20 with a stop placed under the level. However, if traders are bearish on the stock, a short trade could be made instead if the stock breaks back below $20.

Stocks To Watch: $CLDX, $AAPL, $ARNA, $OREX

Celldex Therapeutics, Inc. (NASDAQ:CLDX) had been consolidating its recent run-up over the last 6 sessions, with the 12 level being lateral resistance. The stock broke above that level on Friday and looks poised to continue the uptrend. The MACD has crossed over and is diverging to the upside. The RSI is also pointing up supporting the move. With indicators pointing up, I expect it to test the 50-day EMA at some point over the next few sessions.

Apple Inc. (NASDAQ:AAPL) closed up $2.62, or more than 2%, on Friday to 112.12. The move broke the stock out of a trading range and above its 20-day exp moving average of $111.84 on decent volume. A move above 112.28 (Friday's high) would confirm the breakout and point next to a target zone of 114.11 to 116.89. Daily technical indicators on chart are turning bullish. The MACD has moved up to touch its signal line in negative territory and RSI is about to cross up the 50% level. These signs indicate that the stock price may go up in coming days/weeks.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Setting up a possible resistance breakout trade. Long over 2.27

The money seems to be flowing into Orexigen Therapeutics, Inc. (NASDAQ:OREX) as indicated by the OBV. With no resistance between $2.84 and $3.35, a break above the 50-day EMA can see the stock trade in the $3 area pretty soon. Have this stock on your watchlist. 

FMC Technologies, Inc. (NYSE: FTI)

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and well access and flow management services, including installation and workover tools, service technicians for installation assistance, and field support services. The Surface Technologies segment offers wellhead systems for standard and custom-engineered applications; fluid control products for the well completion and stimulation activities; and flowback services, cased hole electric wireline and slickline services, specialty logging services, pressure transient analysis, and well optimization services. The Energy Infrastructure segment provides measurement products for applications, such as custody transfer, fiscal measurement, and batch loading and deliveries. The company serves lubricant, petroleum, fuel blending, additive and chemical, and oil and gas industries.
Take a look at the 1-year chart of FMC (NYSE: FTI) below with the added notations:

FTI has been on somewhat of a slow, steady decline over the course of the past year. Along the way, the $35 price level (blue) has become very important to the stock over the past 9 months. Not only was $35 a key support back in January and March, that level has also been hit as resistance a couple of times here recently.

The Tale of the Tape: FTI has a key level at $35. A trader could enter a long position on a break above $35 with a stop placed under the level. However, if traders are bearish on the stock, a short trade could be made instead at the $35 resistance.

New Hedge Fund Buying Enters Crude Oil Market

First, let’s start with an updated chart of the WTI Crude oil.

Crude has been in a range for most of the month of September oscillating near the 50 day moving average. It had been unable to do much in the way of additional upside however until this month, when it finally broke out above resistance at the top of the range near the $48 level. Friday it managed to best 50 on an intraday basis but then faded well off the highs heading into the close.
Notice that the rally was stopped dead in its tracks by the falling 200 day moving average. That will serve to reinforce Friday’s high as a significant technical inflection point moving forward. If crude is going to be able to extent this month’s push higher, it will have to clear that level. If it does, a goodly number of shorts will come out as they have all been watching how this market handles itself near that 200 DMA.  (more)