$NFG gas industry leader near breakout
Updated
National Fuel Gas Co l is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility.
The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at $73.
Investors Business Daily gives a Relative Strength rating of 92 and Ranks the stock first in its industry.
UNG had a really bad day yesterday which could affect 
NFG and the rest of the industry.
I'll let the price guide me. If it breakouts with heavy volume I'll buy. If not, then I won't buy. Simple.
The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at $73.
Investors Business Daily gives a Relative Strength rating of 92 and Ranks the stock first in its industry.
UNG had a really bad day yesterday which could affect NFG and the rest of the industry. I'll let the price guide me. If it breakouts with heavy volume I'll buy. If not, then I won't buy. Simple.
Note
Good breakout, but low in volume.A good play may be to get in with 1/3 of a position and wait to prove it self to add more.
Or just wait for a better signal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.