Shark Hunt

On the surface, the market action this week has been listless and boring. But, a screen of stocks well above their moving averages continues to show where the action is.

Pull up charts of FPP, GBR, MXC, PDO, QTWW, & ROYL and you can see where the sharks are hunting.

In fact, if you purchased Fieldpoint Petroleum (FPP), Mexco Energy (MXC), Pyramid Oil (PDO) from last week's simple moving average screen at the close of trading last Tuesday, you'd be sitting on +123%, +271%, & +117% gains respectively. The whole screen is up a combined +47% in just one week and that doesn't even include today's gains.

It looks like summer trading has returned!