Red Alert:Zion Oil & Gas, Inc. (NASDAQ:ZN)
Profile: Zion Oil & Gas, Inc. operates as a development stage oil and gas exploration company in Israel. It holds 2 exploration licenses, the Joseph License and Asher-Menashe License, covering approximately 162,100 acres onshore in the state of Israel between Netanya in the south and Haifa in the north. The company was founded in Y 2000 and is headquartered in Dallas, Texas.
Sector: Basic Materials, Oil and Gas Equipment and Services
LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr. ID'd the beginning of a new Bullish trend for Zion Oil & Gas, Inc.
Shares of ZN closed Friday at 1.67, and opened Monday at 1.71. ZN closed the session Monday at 2.39, +0.72 . (43.11%).
The price range Monday was between 1.70, and 2.50 .
Volume: 1,191,988/shrs is almost 5 times its 3 mo average volume of 258,612/shrs.
ZN is trading above it its 20 -Day, and below its 50 and 200-Day Moving Averages.
My Technical Indicators augur new Bullish price action in here.
The stock's 52 wk low is 1.40, and 52 week high is 7.87, its P/E ratio is N/A, its EPS is -0.30 its RSI is 51.15, Beta is -.44, the Div & Yield is 0.00 (N/A), and the P/C ratio is 0.38
Performance Metrics for: Wk. +43.11%, Mo. -8.78%, Q: -55.66%, 6 Mo.-47.70%: Yr.-55.58 %
|Bearish (-0.27)||Neutral (-0.11)||Neutral (-0.11)||Very Bearish (-0.58)|
|Recent CandleStick Analysis Very Bullish|
|23 Sept 2011||Bullish Engulfing|
|Up||Sept-26-2011||1.67 to 1.70|
|Support and Resistance|
|VBu=Very Bullish, Bu=Bullish|
Be=Bearish, VBe=Very Bearish
1 yr Price Target Price Estimate: 6.98
Earnings Date: 17 November 2011
Analysts' Recommendation: Buy (Speculative)
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.