Hot Rising Companies To Invest In Right Now

Hot Rising Companies To Invest In Right Now: Forest Oil Corporation (FST)

Forest Oil Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company primarily has interests in the properties in the Texas Panhandle; the east Texas/north Louisiana; and the Eagle Ford Shale in south Texas. As of December 31, 2011, its total estimated proved oil and gas reserves were approximately 1,904 billion cubic feet equivalent. The company was founded in 1916 and is headquartered in Denver, Colorado with an additional office in Houston, Texas.

Advisors' Opinion:

• [By Roberto Pedone]

  Another under-$10 name in the energy space that's starting to move within range of triggering a big breakout trade is Forest Oil (FST), which is engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America. This stock has been under selling pressure so far in 2013, with shares off by 16%.

  If you take a look at the chart for Forest Oil, you'll notice that this stock has been uptrending strong for the last two months, with shares moving higher from its low o $3.77 to its recent high of $5.73 a share. During that move, shares of FST have been consistently making higher lows and higher highs, which is bullish technical price action. This stock has now started to spike back above its 200-day moving average of $5.52 a share and it's quickly moving within range of triggering a big breakout trade.

  Market players should now look for long-biased trades in FST if it manages to break out above some near-term overhead resistance at $5.73 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 3.77 million shares. If that breakout triggers soon, then FST will set up to re-test or possibly take out its next major overhea! d resistance levels at $6.52 to $7.40 a share.

  Traders can look to buy FST off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $5.32 a share or below its 50-day at $5.01 a share. One can also buy FST off strength once it clears $5.73 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/hot-rising-companies-to-invest-in-right-now-2.html