***NTRO Continues High Volume & Daily Chart Inside
LevelStock.com Evening Newsletter May 19th 2010
Traders,
NTRO continues to climb higher. I've included NTRO Highlights and some charts. Take a look at the charts. We could be seeing a Golden Cross pattern soon !!!
Nitro Petroleum, Inc. OTC: NTRO
** NTRO's Highlights **
NTRO currently holds investments in the following projects:
***Acquisition of Hoco Oil Company in Oklahoma
- Total Developed Reserves of Approximately $20 million.
- Numerous new well locations for developmental drilling
***Barnett Shale project, operated by Reo Star Energy Corp.
- $900,000 in acreage and working interests in existing wells
*** Powder River Basin in Montana
- Agreement to acquire oil and gas leases covering approximately 1,600 acres with additional options to acquire another 3,200 acres. Production in the area has produced in the range of 300-500 BOD.
*** West & East Mooreland and the Farley projects in Oklahoma.
- These wells are currently been re-worked and have plans for testing. The Company will be re-working 3 wells on the Crown Lease, Oklahoma.
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NTRO is still up trending over the last several trading sessions on high volume !!! Last Friday I introduced NTRO to you.
NTRO Chart on Friday May 14th 2010
NTRO Daily Chart for today at close.
*** NTRO still trading in the channel.
*** NTRO Breaks through .02 during intra-day trading.
*** NTRO RSI continues to climb higher.
Keep NTRO on your watch list. Why ? The chart is near a Golden Cross pattern. A Golden Cross is when the 50 MA crosses over the 200 MA The Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes.
Here is an example of a Golden Cross pattern.
Stay Tuned. Happy Trading !
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