Double Eagle Petroleum - sell signals

This morning on Barchart I saw sell signals on Double Eagle Petroleum (DBLE) so I deleted it from the Barchart Van Meerten Speculative portfolio for it's negative price momentum:

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 23.69% off its recent high
• Relative Strength Index 44.60% and falling
• Recently at 8.51 which is below its 50 day moving average of 9.51

Jim Van Meerten is a Marketocracy Master

Double Eagle Petroleum

Complete Article & Graphs

Today I added Double Eagle Petroleum (DBLE) to the Barchart Van Meerten Speculative portfolio solely on price momentum.

Barchart technical indicators:

• 80% Barchart short term technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and  up 53.03% in the last month
• Relative Strength Index 74.24% and rising
• Trades around 9.40 with a 50 day moving average of 7.67

Summary:  Double Eagle Petroleum (DBLE) has always had volatile sales and earnings so it is a highly speculative holding.  Nothing is sure on this one.

Jim Van Meerten is a Marketocracy Master