Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (189)	12/17/1996 11:56:00 PM
From: Buzz Mills	of 1017

Technical Analysis---Please contibute your input.................. Looking at CWEI's chart using 20 day, 25 day, and 50 day moving averages I see the following: CWEI is at the 20 day moving average; the 20 day average is at about 15 3/4. The 25 day moving average is at 15 1/4. The 50 day moving average is at 14 In the past; CWEI made a big move at the very end of March/beginning of April. CWEI made another strong move 6 months later in the first week of October. CWEI made other strong moves in the first week of of May and August, just before the first and second quarter earnings came out. CWEI consolidated beginning at the end of August and during the entire month of September much the same as it is doing now. The 20, 25, and 50 day averages came together during that time. From what I see, if CWEI repeats the same pattern we should see a breakout between the end of this month and the second week in January. Back at the beginning of August CWEI briefly broke the 50 day line and presented a buying opportunity. I would view any pullback in CWEI to 15 as a buying opportunity.

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