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Stock impact report

Bullish on National Fuel Gas Co. [Globe and Mail, The (Toronto, Canada)]

National Fuel Gas Company (NFG) 
Last national fuel gas company earnings: 4/30 04:45 pm Check Earnings Report
line) and the falling 40-week Moving Average (40wMA). The stock rallied above these indicators recently to signal the end of the downtrend (C). After a minor pullback to the average (D), National Fuel Gas reached a higher high to signal the start of a new uptrend (E). Behaviour indicators including the rising 40wMA and the rising trendline (solid line) confirm the bullish status. There is good support near $58-59; only a sustained decline below the average (currently near $55-56) would be negative. Point & Figure measurements provide targets of $64 and $69. Higher targets are visible. stock Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication www.capitalightresearch.com ). Chart source: www.decisionplus.com Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Sign up Explore newsletters Report an editorial error Report a techn Show less Read more
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