Charts of the Week - 5-06-2009
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Created by barrons3
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Date updated:05-07-2009

Here are a few more commodity-based stocks worth watching.

symbol name last price % change open
  • +
  • DBA
    Powershares Db Ag
  • $26.03
  • -0.31%
  • $26.00

Watch for the PowerShares DB Agriculture Fund (DBA) to break above some overhead resistance at around $27 a share. A move through that level could send this stock much higher.

People owning DBA also tend to own: USOBPTCOHEVEPEWDEWMEWT

TheStreet.com Rating: No Rating What is this?

  • +
  • DUG
    Ultrashort Oil &
  • $12.9899
  • +1.96%
  • $12.88

The ProShares UltraShort Oil & Gas (DUG) has broken below some key support levels at around $20 a share. If the commodity run continues this is heading much lower.

People owning DUG also tend to own: ARAYCHCG.OBCOGOCVYFXEGASSGE

TheStreet.com Rating: No Rating What is this?

  • +
  • DRYS
    Dryships Inc.
  • $6.29
  • -3.68%
  • $6.22

The uptrend and volume are very strong on DryShips (DRYS). Stock looks to be easily heading towards $17 a share.

People owning DRYS also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D+ What is this?

  • +
  • PAL
    North American Pa
  • $2.90
  • -4.29%
  • $2.92

North American Palladium (PAL) has traded above some key resistance at $2.20 a share. This stock looks ready to run to $3.29 or possibly even higher.

People owning PAL also tend to own: AEISANCXBWNGCHKGMXRHPMZT

TheStreet.com Rating: D What is this?

  • +
  • FCX
    Freeport Mcmoran
  • $84.57
  • -0.18%
  • $84.08

Freeport McMoran (FCX) is a strong uptrending stock that has now blasted through the 200-day moving average of $43.45.. FCX looks ready to test $80 a share.

People owning FCX also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D What is this?

  • +
  • NAT
    Nordic Am Tnkr Sh
  • $31.99
  • +0.28%
  • $31.49

Nordic American Tanker Shipping (NAT) looks ready to trade to all-time highs above $38 a share.

People owning NAT also tend to own: ATVICCJCELGCRZODSXDVNEMC

TheStreet.com Rating: C What is this?

  • +
  • NGAS
    Ngas Resources
  • $1.6469
  • -1.38%
  • $1.63

Some very big volume coming into NGAS Resources (NGAS) of late combined with a very bullish uptrend. This stock could be well on its way to $3.80 a share or possibly $5 if the bullish trends continue.

People owning NGAS also tend to own: AITCDICIRGPXGSIGJRNKSWS

TheStreet.com Rating: D What is this?

  • +
  • DBLE
    Double Eagle Petr
  • $4.54
  • +3.18%
  • $4.39

Double Eagle (DBLE) is starting to see a noticeably pick up in volume as the stock trades up. A breakout above some previous resistance at $5 and $5.50 a share could send this back to $7 quickly.

People owning DBLE also tend to own: RMKRWGATAAPLATEX.PKCPSTENERGMO

TheStreet.com Rating: D+ What is this?

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