Diamondback Energy: The Other FANG Stock Is Working on a Comeback

TheStreet's Quant Ratings service upgraded Diamondback Energy Inc. (FANG) today so a look at the charts and indicators is warranted. I have commented in Kamich's Korner on Real Money many times that a combination of investment approaches can be superior to following just one. Let's see if the charts and indicators have improved along with the quantitative evaluation.

In this daily bar chart of FANG, below, we can see a possible lopsided double-bottom pattern with a low in June and a slightly higher low in August. The pattern will not be complete or break out until FANG closes above the July/August highs around $98. Prices have strengthened enough in recent weeks to turn the slope of the 50-day moving average line positive....221 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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