Tengasco Inc (TGC)
Tengasco Inc (TGC)

December 12, 2017: TGC 0.96 -0.01 -1.03% caught my eye on 04 Dec when the daily RSI(14) crossed above 70, it hit a day change of 56% and it moved over 9M shares in volume.  Typically, I like to get in a swing trade like $TGC when the Upper Bollinger Band intersects the daily candle.

However, in this instance $TGC also crossed the 200-day SMA on 04 Dec.  Typically, when a stock crosses the 200-day SMA it will retrace all the way back down to the 200-day SMA before bouncing off and making another strong move upwards.  Profits could have been better on this trade but it still made for a decent swing trade.



Active duty Air Force, day trader and online marketer. Check out my Trading Resources page to see what I use for my stock charting platform, intraday stock screener and more!

View all posts

Add comment

Your email address will not be published. Required fields are marked *

Recent Verified Trades