Opinions
Hap (Robert) Sneddon FCSI
Rice Energy
RICE-N
COMMENT
Apr 18, 2016
$16.180
Stock price when the opinion was issued
Energy
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The technical target is around $23. This is hitting resistance right where we are at now. Chart shows a nice basing pattern, and any time you see the kind of action shown in December, January and February, you are going to be happy. There is a dichotomy right now where the short term on energy looks really, really positive and then intermediate (investible) time frame too. It has to get above its resistance, and then the $23 comes into play.