GoNoGoCharts

Adams Energy still looking good

Long
AMEX:AE   Adams Resources & Energy, Inc
In our Monday morning Flight Path newsletter, we highlighted Adams Energy as a security that could be well positioned to take advantage of the rotation that we see into the energy sector as well as the ongoing out performance of small caps.
As the week draws to a close we see that price is still in its “Go” trend within a consolidation pattern that is testing the upper bound.
The GoNoGo Oscillator is managing to find support at the zero line throughout and has currently bounced into positive territory. If the oscillator can continue to rally then look for price to try to break out to new highs.

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