significant oil discovery, page-30

SXY has spent just over a year mostly trading in a price range between 60 and 90 cents. Many stocks both good and bad at various times in their existence will spend lengthy periods in a trading range. So there is nothing unusual about that.

What I can say is that once these trading ranges are 'broken' and often this occurs without an obvious catalyst, is that significant price movements can occur from that point. In addition, if a company keeps on improving its fundamentals then at some point the market will no longer continue to ignore this. Sometimes it just takes time.

Is SXY in this category ? I would like to think so.