Watchlist Addition April 29th: Contango Oil and Gas (MCF) MCF is a Gulf of Mexico oil and gas producer. Notice how the stock is near the bottom of range. I am watching this name for upside in coming weeks.
UPDATE May 1st: MCF triggered a long entry at $54.63 this morning.
UPDATE May 15th: MCF has remained remarkably resilient to the drop in broad markets in recent days. I remain long this name.
UPDATE June 10th: I remain long MCF.
disclosure: I am long MCF
Watchlist Addition April 29th: Westport Innovations (WPRT) WPRT is a natural gas engine maker who's stock has sold off hard in recent months. The shares bounced off the $30 support level on Friday and may have more upside in coming weeks.
Update May 5th: WPRT rejected the 200 dma yesterday. I closed my position for a small loss.
disclosure: position closed
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