Yeah and it seems logical that oil and gas stocks are up strongly given the oil price, and perhaps gold miners. Despite all of that our market is only down 0.26% our relative performance on these days is so bad because whoever is trading this stock knows how to take advantage of any event. I am looking at this through my rose tinted glasses but to me it seems to be seeking stop losses to generate volume to allow covering. I suppose if the stock closes behind the 200 MA for a few sessions then that achieves the same result, and people will lose patience and sell into weakness for tax losses.
NEU Price at posting:
$13.19 Sentiment: Buy Disclosure: Held
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