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Sunday, 11 March 2012

NTRO is our Next Alert!!! .0115

NTRO (Nitro Petroleum) "The Company has two primary strategies: the continued development of joint venture properties in highly productive areas, and the redevelopment of mature fields through the innovative use of technology."
Here is a link to there 2011 News Updates on acquisitions and well re completions from there website - http://www.nitropetroleuminc.com/blog/view/2011_Nitro_News_updates

We are in anticipation of the year end financials that are set to come out this week by March 14th according to a PR released Feb. 29 2012. Linked here - http://www.nitropetroleuminc.com/blog/view/Nitro_finalizes_recompletion_of_Quinlan_Wells

Not only are WE anticipating an impressive year end financial release but looking at the charts it gives us reason to believe that many others are as well!
Since the breakout of .009 Feb. 6th there has been a very nice increase in daily avg. volume! all technical indicators are looking great and a "golden cross" of the 50 and 200ma's occurred on Thursday March 8th. on the daily chart. Lots of technical support to help fuel what we suspect to be great news!

The weekly chart is showing incredible strength in the MFI, Full STO and Wm%R. The Macd on the weekly is also making it's move above the 0 line!!! Just another bullish sign longer term as well!!!

Trade Responsibly ;-)

Weekly



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