Trading Ideas That Paid – CVR Energy

Energy stocks attracted strong buying support Thursday amid reports indicated that there was a pipeline explosion in Yemen that halted exports.  Among the space, CVR Energy Inc. (CVI) outperformed, jumped 4.29% to 51.24 – a fresh all-time high.  This is bullish from a technical perspective.  In fact, as the chart below indicated, CVI could climb above 54 to test the 127.2% Fibonacci extension as it extends Thursday bullish breakout.  Just so that you know, initially profiled in our March 1, 2011 “Swing Trader BulletinCVI had gained more than 171% and remained well position.

The graphic below is from our “U.S. Market ETF Trading Map”, which show the near-term technical bias and trading ranges for CVI.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red.  The yellow bars identify period of neutral or sideways trading pattern.  Additionally, the light-blue shading represents the short-term trading range.  A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).  Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – CVR Energy Inc. (daily)

As indicated in the above chart, our “U.S. Market ETF Trading Map” rates CVI as a Buy.

Click here to read a detail technical analysis.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

Subscribe to CEM News to receive more in-depth research from Capital Essence.

P.S. Take advantage of the 30 days special trial [new member only]. Join a small group of elite traders and receiving these daily trading ideas by click here to subscribe.