Northern Oil & Gas (NOG)broke out of a solid volatility contraction pattern on Nov 10th. A perfect buy point was established at the threshold of 36.3. Volume surged when shares broke out in September and have held above their 50-day line, despite high volatility since that time.
The stock is on its way into new all time highs and still in a buy zone.
NOG is the U.S.'s largest publicly traded non-operated oil and gas exploration and production company. It holds stakes in established oilfields in the Permian Basin in Texas and New Mexico, Williston in the Dakotas and Montana, and Marcellus in Pennsylvania.
The Minneapolis-based investor typically buys stakes in oilfields and partners with seasoned operators.
The stock is on its way into new all time highs and still in a buy zone.
NOG is the U.S.'s largest publicly traded non-operated oil and gas exploration and production company. It holds stakes in established oilfields in the Permian Basin in Texas and New Mexico, Williston in the Dakotas and Montana, and Marcellus in Pennsylvania.
The Minneapolis-based investor typically buys stakes in oilfields and partners with seasoned operators.
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini