Enterprise ….Ready for a Breakout

Some generalisations on stocks trading near thier year highs can be infused here with a bit of common sense to come to an inevitable conclusion on the near term future for Enterprise Oilfields…e.t on your dial
When a tightly controlled stock such as this is trading at a 2 yr high for over two weeks and encountering little difficulty staying there it signifies a breakout. The volume has not been heavy on e, telling me there is no rush to sell by those holding large positions. The price pop may have been stimulated by a growing tide of optimism for oil service companies, as majors are beginning to announce infrastructure expenditures. It may also have been sparked by the recent financing, increased public exposure to the stock through Contact Financial, or perhaps a pending announcement of some sort.
In any case scenario. marketcents.com is calling for a breakout into the mid 30s to low 40s shortly. The sentiment score and technical pointers are all in an upward trend.

Keep an eye on things

royrogers
marketcents.com.