Here is a screen of energy stocks that have performed best in the coming week. To select some shares for short-term trades, the following strategy is employed. The best-performers in the chosen time period with at least 10 years of price data are calculated and are presented below. The issues are ranked by the percentage of time periods in which the stocks rose.
Bullish Energy Stocks March 11-18
From this list, the stocks are screened for relative strength and by dynamic cycles. The latter term refers to the most active cycles that are generating profits now. I expect the price of oil and energy stocks to rally into April so these selections can be held beyond this week.
Whiting Petroleum is number one on the screen. The stock has risen 15 times in the coming week over the last 18 years. The expected return has been 3.45%. In April, price has risen in 14 of 18 years, the strongest month in any year. Price could rise closer to $95 in the short-term and over $100 in April.
Chart 1
Occidental Petroleum has risen almost 66% of the time in the coming week. In April, the stock has risen almost 67% of the time for an average gain of about 4%. The stock is likely to rise to $65 over the short term and over $70 in April.
Chart 2
