For ConocoPhillips, Stand at the Ready

On a technical basis, I like ConocoPhillips (COP) -- and this is partly due to its general bullish pattern of higher highs and lows, as well as the fact that the stock is above its 200-day and 50-day simple moving averages. In addition, I'm seeing a Fibonacci price-cluster setup that includes multiple symmetry projections.

For those of you who are not yet familiar with "symmetry," my definition -- as it relates to the markets -- is similarity or equality when comparing price swings in the same direction. This is also known as a "measured move."...278 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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