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Xcite Energy: Hanging By A Thread Below The 200 Day Moving Average – Er?

By The Closet Chartist | Friday 29 November 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As the case of life in general, when something in the financial markets takes too long to happen it is normally a bad sign and a reason to be concerned. This is certainly the case as far as the recent charting set up at Xcite Energy (XEL).



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