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Trade Idea for Tue, Dec 29, 2015

Atmos Energy Corporation (ATO) which engages in the distribution, transmission, and storage of natural gas in the United States just broke key technical resistance at 64 after almost 2 months of consolidation in an ascending triangle pattern. Atmos Energy Corporation (ATO) has been one of the best performing utility – gas stocks over the past few years and current charts on multiple time period doesn’t show any signs weakness but the opposite – high relative strength compared to market and today new fresh all time high, so I am looking for a new wave toward 67-68 area on the short-mid term period.


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