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EQT

Natural Gas: The Golden OpportunityNatural gas has seen a nice rejection off of 3.19. A double top on nat gas is observed, does this mean we go lower? In the near term perhaps some more consolidation is needed but the trend is setting up for the infamous golden cross. If we get a bullish cross of the 50MA & 200MA this is a likely long term trend signal. This signals higher probability of a bullish uptrend. As we approach the elections, a potential trump win could influence the price.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas: A Mega Move is BrewingNatural Gas has been a very volatile asset in recent sessions. The price action in the 4 hour chart has triggered a bullish breakout. The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered. If we see a breakout of this pattern there is about $1.50 of upside from the neckline. Resource stocks are still holding up very well, granted so is the market. A very similar structure is playing out on the weekly chart, regarding the 50 Weekly MA If we see price trade in congruency we should see more upside this week and then potentially we may see some sellers the folling week
AMEX:UNG
by Trading-Capital
1
EQT Set to Buy Perficient ($PRFT) For About $3 BlnSwedish private equity firm EQT is set to acquire US-based digital consultancy Perficient ( NASDAQ:PRFT ) for an all-cash deal valued at around $3 billion. The deal, approved unanimously by Perficient's board, will pay $76 for each Perficient share ( NASDAQ:PRFT ), representing a nearly 58% premium to Perficient's last close. Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes. Perficient has operations in the US, Latin America, Europe, and India, and has built about 300 Fortune 1000 client relationships, including with Microsoft, Amazon, AWS, and Alphabet. Perficient Inc (NASDAQ: PRFT) is up 60% on Monday after EQT announced its intention to buy the firm for about $3.0 billion. Perficient's stock is currently trading at a year-to-date high, and the company withdrew its guidance for the full year following the acquisition announcement. Perficient reported $215.3 million in revenue in its fiscal first quarter, down 7.0% on a year-over-year basis, and adjusted EPS at 77 cents a share. CEO Tom Hogan stated that Perficient's business is steadily improving and its pipeline remains robust, with confidence that momentum will continue to build through 2024. Technical Outlook Perficient Inc (NASDAQ: PRFT) has a Relative Strength Index (RSI) of 79.53 which appears to be largely overbought with the daily price chart depicting an upside gap. Gappers are patterns that appear in a chart as a result of a major event pertaining to an entity let's say a buyback news, earnings beat and quarterly reports.
PLong
by DEXWireNews
Rothschild & Co.'s Five Arrows Acquires Rimes: A Strategic MoveRothschild & Co.'s alternative assets unit, Five Arrows, recently made a strategic acquisition by purchasing Rimes from Swedish investment firm EQT. Rimes, a leading provider of enterprise data management and investment intelligence solutions, has been a significant player in the investment industry, empowering asset managers to efficiently handle market data. The deal marks a significant milestone in Rimes' journey, which has been bolstered by EQT's support since 2020. Under EQT's ownership, Rimes experienced notable growth, expanding its technology offerings and acquiring Matrix IDM, an Australian investment data management platform. Additionally, Rimes ventured into AI with the establishment of a dedicated product division last year. Five Arrows' decision to acquire Rimes underscores its commitment to the alternative assets space. With global assets under management exceeding €26 billion, Five Arrows is well-positioned to leverage its long-term fund FALT and principal investments division FAPI to facilitate the acquisition. The transaction, expected to close in the coming months pending regulatory approval, holds promise for both parties. Brad Hunt, CEO of Rimes, expressed optimism about the acquisition, emphasizing its potential to propel Rimes' growth trajectory. Meanwhile, FAPI partners Vivek Kumar and Sacha Oshry highlighted Five Arrows' intention to unlock new avenues of growth for Rimes. As the transaction unfolds, industry observers eagerly anticipate how Five Arrows' strategic vision will shape Rimes' future. The move underscores the evolving landscape of data management and investment intelligence, signaling potential shifts in the competitive dynamics within the sector. In conclusion, Five Arrows' acquisition of Rimes marks a pivotal moment for both companies, poised to catalyze growth and innovation in the ever-evolving realm of enterprise data management and investment solutions.
NYSE:EQT
by DEXWireNews
Natural Gas still coiling! breakdown or breakout? Natural Gas is appraoching the apex of a wedge pattern. The Apex is the very tip of the triangle where 2 trendlines meet. Price will likely have to make a move by April 3 or sooner. As for which way will price break is anyones guess, but probabliietes are slightly swaying lower. Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching. DBC EtF has broken out. Nat gas has a small weighting in there.
CAPITALCOM:NATURALGAS
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by Trading-Capital
1