Energy stocks are certainly doing really well right now and if you are a short term player you’ve no doubt noticed this as well. Last week the month to month performance was a rise of 6.3% overall, but I compared today’s figures to last months and the Energy Index XEJ has risen 13.7% in just one month! 15,832 on 11 March, and currently 17993.3 today.
So let’s drill down a bit deeper to see which stocks are doing really well in this sector:
There are some exceptional performers in this sector right now. I’ve highlighted in green, all the stocks that are beating the index average of 13.7%. Those in red are ones that decreased in price over the month.
The next step, according to the rules of short term investing is to look at all of those companies whose share price increased by more than the average (so the one’s in green) to see if they are currently in an uptrend and also are consistently increasing.
But from looking at these results – it looks as if there maybe a few short term winners.
