Equity Oracle: 01/16/14

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Abraxas Pete Corp. (Ticker: ABAX) is one we made money on in 2011 and I’ve had this stock on my watch list ever since. Today the price closed with a bullish engulfing pattern after a bounce off of a role reversal support level. It’s one of the cheaper stocks we’ve traded but the technical charts give us an entry point as well as a target price up at the resistance highs.


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AJ Monte

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