Friday, June 11, 2010

Nat Gas update: NGS

Natural Gas Services Group, Inc.
Thursday, June 3, 2 pm Eastern: 15.39
Friday, June 11, close: 16.47
Gain: +7.02%
Candlestick analysis: "Hold" on buy at 15.36, June 10 (American Bulls)
Summary: Growth wasn't just negative for NGS the past year. It was monstrously ugly at -42% (revenue) and -64% (earnings). On the other hand, with just $6.4 million of debt versus $21.6 million of cash, NGS is the little natty gas that could, not to mention a float of just 10.9 million

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