Rougemont submits:
Several energy-related stocks are showing new signs of a possible breakout to the upside. I prefer fundamental analysis when looking at stocks to buy, but I also think it is important to look at the technical side as well. After doing fundamental analysis, I want to see how a stock looks based on the charts, including what the 50 and 200 day moving averages are, and what the relative strength index is before deciding to buy. When evaluating this data, you can find stocks that appear to be starting what might be a significant new uptrend. One potential sign of this is when the 50 day moving average crosses above the 200 day moving average. This event is called a “Golden Cross Formation” and many view it as a bullish sign. You can read more about the Golden Cross Formation here. While I am selling energy names that have already
