Still looking for the stocks a little slow out of the blocks

Just adding a few thoughts to Kevi's post below...the last 3 weeks or so has certainly felt like the good ol' days with over 300 point gains on the index. I think we must be getting close to a point where a dip would be healthy for the charts and market in general.

As I mentioned a few days ago, with several sectors starting to move into "hot" territory, I tend to focus on trying to find a few plays that maybe haven't run with that strength yet.

Here's one quick example...Moby Oil and Gas (MOG):



You can see that she has formed a nice rounded bottom pattern over the last few months, and yesterday she broke the recent 15.5c res. I'd like to see some volume kick in for more confirmation though.

Next key chart resistance appears to be around 21c.

As always, this is not a buy recommendation. I took only a very small position in these yesterday, but will watch closely today. I will be keeping it on a very tight stop, and only holding until momentum stalls.

I'm sure there are many more undiscovered gems in some of these hot sectors if you put the time into scanning the charts.

Alan