Date updated:06-16-2009
Here are a few more natural gas stocks that could be setting up for some solid moves based off of their chart patterns.

-
UNG
Us Nat Gas Fd Etf - $9.60
- 0.00%
- $N/A
The United States Nat Gas Fund (UNG) is staring to really heat up. This ETF looks ready to test $17.50 and make a move towards $20 a share or even higher. Strong volume is really starting to come into this name.

-
FCG
Ft Ise Revere Nat - $17.32
- 0.00%
- $N/A
The First Trust ISE Revere Nat Gas ETF (FCG) has been hit with some selling pressure of late. However, investors might want to look to add this ETF around the $13 area where both the 50-day and 200-day moving averages sit.

-
NGAS
Ngas Resources - $1.74
- 0.00%
- $1.78
NGAS Resources (NGAS) looks like it is forming a nice bullish wedge pattern which often leads to higher prices. The stock found some support near the 200-day moving average ($2.31) today and closed higher in a weak tape. Look for this stock to head back towards $3.00 a share. A break above that level could take it to $4 easy.

-
BEXP
Brigham Explorati - $10.75
- +5.60%
- $10.40
Keep a very close eye on Brigham Exploration (BEXP) if you're bullish on nat gas. If the stock trades above the $4-to-$4.70 area it would mark a substantial breakout and could take the stock back towards $8 a share. Look for some support around $3.50 for BEXP.

-
PNY
Piedmont Nat Gas - $23.13
- +0.83%
- $23.11
Piedmont Nat Gas (PNY) currently looks to be pulling back towards the 50-day moving average of $24.10. Look for the stock to find support around this area or near $23. Its worth noting that some big volume recently came into the stock and it is now pulling back on lighter volume. Watch for PNY to make a run back towards previous resistance at $25.50 and $26.75. A break above those levels could send the stock towards $32 a share.

-
ARD
Arena Resources - $43.22
- +2.95%
- $42.59
Arena Resources (ARD) is forming a nice tight consolidation pattern between $37 and around $34 a share. The stock also has more strong support at $32 and $30, but it is likely to not test those levels if nat gas is ready to take off. The stock is also displaying a strong uptrend channel and is above both the 50 and 200 day moving averages. If the stock can get above some previous resistance at $38.75, it could be set to run much higher towards $47.21 a share.

-
VNR
Vanguard Natural - $17.58
- 0.00%
- $N/A
No Analysis added
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