Opportunity In Oil

Looking at the table in the prior post it can be seen that the $OIX index had the best performance last week gaining 7.44%. So if last week was the bottom in the market and if the $OIX had the best performance it has the best relative strength. The $OIX is composed of 10 large oil industry stocks and the table below shows their performance sorted by performance for one week. Click on table to enlarge.

As can be seen APC, Anadarko Petroleum Corp., had the best performance coming in at a very impressive 21.82% gain for the week. With earnings of 2.24 per share it is trading at about 15 times earnings. Yahoo Finance has a one year target estimate of 78.45 per share. This is an example of Buy Low. Click on chart to enlarge.