Reams of Untapped Energy

In a world in which equities are soaring to nosebleed territory, I spent much of the day looking for stocks with two qualities in particular (and, no, my Christmas shopping isn't done). Namely, I hunted for shares that have recently been at oversold level, and which display a price -- based on their daily chart -- that could offer a strong foundation for upward momentum into the first session of the new year.

CVR Energy (CVI) meets my criteria. The Texas-based company, a subsidiary of Icahn Enterprises (IEP), engages in petroleum refining and nitrogen manufacturing. The petroleum segment refines fuels such as gasoline, diesel fuel and several others, and markets them to refiners, retailers, railroads and farm cooperatives. CVR also operates a nitrogen fertilizer plant and sells ammonia products to industrial and agricultural customers....455 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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