Best Energy Stocks to Trade
Companies in the energy sector focus on the oil and natural gas industry. This also comprises of those producers involved in oil and gas exploration, along with other consumable fuels. Included in the energy category are equipment, materials, and services providers, however renewables fall under the Utilities sector.
Algorithmic trading involves identifying patterns that deliver consistent returns based on multiple performance metrics. Some of the most common considerations include Profit Factor (Gross Wins divided by Gross Losses) and Profitability (Percentage of Winning Trades relative to Total Trades executed). Most technical traders are less concerned on the overall fundamentals relating to the security. Volatility is a major consideration when reviewing performance, specifically as it relates volume and potential indications of institutional support in either direction.
Below are a few video pertaining to the energy sector, for the extended library of video click here.
Trading Video | Exxon Mobil
Trading Video | ProShares Natural Gas
Trading Video | ConcoPhillips
Search thousands of trading charts or run the analysis yourself with our one-click optimization (same tools leveraged by high-frequency traders), here are a few energy stocks: $XOM, $CVX, $SHEL, $PTR, $TTE, $COP, $EQNR, $BP, $PBR.
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