From the desk of Tom Bruni @BruniCharting
Rotation into Energy stocks continues to pick up. While the reward/risk opportunities at the sector/subsector ETF level aren’t great, there are several attractive setups within individual stocks.
In this post I’m going to point out seven names within Energy ETFs XLE, XOP, OIH, AMLP, CRAK, and FCG with extremely well-defined risk and skewed reward/risk at current levels.
Half are buying strength (higher probability, but lower reward/risk) and the others are mean-reversion setups (lower probability, but higher reward/risk). Pick your poison.