We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Energy stocks continue to improve under the hood. The list of breakouts and new 100-day highs in the space continues to grow by the week, even as the broader market chopped around.
Here’s today’s standout:
Diamondback Energy $FANG is currently exhibiting a Squeeze Score of 96.1. and an even tighter Long-Term Score of 98.4.
We highlighted the oil & gas E&P space last week, pointing out the index level squeeze potential.
FANG is one of the larger names in the space, and likewise one of the tightest coils.
With volatility compressed to multi-year lows on the weekly Strazza Indicator, and momentum improving, we believe the resolution could be explosive.
A clean breakout above 152 could ignite the next leg higher in FANG.
