Friday, June 11, 2010

Nat Gas update: NFX

Newfield Exploration Co.
Thursday, June 3, 2 pm Eastern: 49.95
Friday, June 11, close: 54.39
Gain: +8.89%
Candlestick analysis: "Hold" on buy at 47.10, May 25 (American Bulls)
Summary: NFX hasn't gushed like the big gainers in nat gas the past week, but 9% ain't bad. Numbers are all positive, including $1.53 billion in revenue and excellent margins. Only flaw is $2.2 billion in debt. 

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