Hunter, you have to agree UGL held up well over the last few days, above the critical $13, especially yesterday on such a down day. Weekly chart looks good, with last week candle a doji, a possible reversal of the slight retracement we had from the $15.20 mark. So yes, next target $15.20 and a 2nd attempt at this resistance.
The DOW may stunt this somewhat over the next few trading days, but I reckon crude will start coming back shortly, back to the $100 - $110 range. This is the current drag on the DOW.
My opinion, hold above $13. Of course DYOR.
I hold.
Adz
UGL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
