Bubble Watchlist: 7 Energy CompaniesI found a couple of price correlated energy stocks which look like they are in a massive uptrend (bubble), but the very recent direction is down. Therefore I recommend to watch these stocks the next weeks if they bottom very fast or decline further towards the supporting average trend direction of these rapidly growing price trajectories (and then maybe rally even higher). The stock with the largest uptrend so far is NextEra Energy, Inc. (NEE) which is colored on my chart in bright lime green. These seven stocks are: NEE - NextEra Energy DTE - DTE Energy Co WEC - WEC Energy Group Inc XEL - Xcel Energy Inc CMS - CMS Energy Corp LNT - Alliant Energy Corp CNP - CenterPoint Energy Inc Related news: - NextEra Energy Stock Closed Down, Govt Investigating for Manipulating Market www.thestreet.comby ChartArtPublished 3
NEE: Bearish forces in effectWeakness seen in the 1-3 resistance level. More selling expected.Shortby CsysPublished 1
HUGE Bullish Activity in NEENextEra Energy, Inc.,with its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, and nuclear sources and this sector has been on fire lately. Today we saw a trader bought 4434 NEE June 100 Calls for $.55. This gives the buyer of the options the right but not obligation to buy 443,400 Shares of stock at $100 between now and June and they paid almost $250,000 for this right. Well, since this trade, the stock has been on fire and the calls have moved from $.55 to $.80 and a trader already has paper gains of almost $150,000. I did not take this trade, because there was an Open interest of 12,000 already, but NEE looks great and I think it heads higher.Longby KeeneOnMarketPublished 114