ENERGY STOCK LEADERS

John Murphy
by John Murphy,
Chief Technical Analyst, StockCharts.com

NATURAL GAS LEADERS -- APACHE AND BURLINGTON... As a followup to our earlier update on a rising energy group, following are the leading stocks in each of the three energy indexes. In the natural gas group, Apache Corp has just broken through its late 2000 peak to score another upside breakout. Burlington Resources is just now breaking out of a massive trading range that's contained prices since 1997.

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OIL SERVICE LEADERS -- BJ SERVICES AND ROWAN... In the Oil Service group, BJServices has broken through the spring 2000 high and is nearing a challenge of the highs of two years ago. Rowan Companies is moving up to test the highs formed just over a year ago.

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XOI LEADERS: SUN AND EXXON MOBIL... In the AMEX Oil Index, Sun has been one of the strongest performers. The stock has been stalled around the highs of last August. However, it looks like it may be on the verge of an upside breakout. Another potential oil leader (and the biggest stock in the XOI) is Exxon Mobil. The big energy stock is just now breaking out to the highest level in eleven months.

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John Murphy
About The Author:

John is a renowned author in the investment field and former technical analyst for CNBC. Considered the father of intermarket technical analysis, his books include “Technical Analysis of the Financial Markets” and “Trading with Intermarket Analysis”. Learn More 

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