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Stick a Fork in GEOI and ABLE


The other day I mentioned how bullish both GEOI and ABLE looked. Well things change quickly. Both of them appear to be topping, at least for the short term. GEOI made a bearish engulfing pattern yesterday and also gave a stochastic sell signal:

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Chart Request: GeoResources, Inc. (GEOI) and Able Energy (ABLE)


This is a first — I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn’t slip back into the channel though!

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