UNTD buy at $6.10

This UNTD trade is based on the article here on Street Authority, which I regard as a reasonably 'hype-free' publication.

Technicals look good, with not only a dividend, but parabolic SAR showing support, EMAs flat indicating the recent sellers have tailed off. Downside risk is that that it completely breaks out downwards towards last the low of last August in the $5 range.

Target price is $7.25 over 4-6 weeks, although because of the dividend, you could feel comfortable holding this stock longer term. My buy price was just about the level the candles penetrated the lower bollinger band. Everything indicates a solid base from which to rally.

AREX Long at $28.42 (re-entry)

Re-entered Approach Resources (AREX) today as its rest seems to be over and AREX will hopefully contine it's climb. You do have to wonder when this rally will peak. If you look at the monthly chart compared with the daily chart you can see what I mean - there is probably resistance at the mid-2008 high of $30. So I'm being very careful to see what will happen. Gas prices were $4 during summer of 2008, so using my simplistic logic, maybe AREX and prices will continue to climb throughout spring and then then world will end (again).