I have been quite negative on energy over the last year or so as the world has had a glut of oil.  but OPEC appears to be on track to curtail production cutting 1.8 million barrels of oil per day from production and the world is working through the overhang.  With oil now over $50.00 it may have at least stabilized and beaten down oil stocks are starting to perk.  The ETF UCO broke out today gapping higher and closing at the top of its range.  We should see this ETF trade at $21.00 here on the short term

ARDM: Stock has moved from $1.50 to $3.40 in 3 days.  It traded up to $3.43 today closing at $3.36 filling half of the gap it made on the move to the downside last December.  If the momentum continues and it fills the gap, $4.00 would be the target and then $6.00

CBAY: Stock continues to move up strongly in an up trending channel.  It is near the bottom of the channel but trading up to the high set back in July.  Today it traded as high as $8.04 closing at the top of the range.  Through $8.30 and I would look to go long with $10.00 and $14.00 as price targets.

CORT: Another strong chart that just keeps trending higher.  It traded as high as $19.36 today closing at $19.13.  It is at key resistance in here right at the top of its up trending channel.  If this momentum continues and the stock accelerates from here would should see it trade to $22.00.  Short ratio, 5.3 days to cover.

ESV: An oil stock that has recently broken through the declining tops line and is trading up at resistance at $5.80 (closed today at $5.73).  If this stock can break through the lateral resistance then $7.00 and $8.00 are the next targets.  Short ratio, 5.7 days to cover.

FMSA: Another oil stock that has broken out of the declining channel and through lateral resistance at $4.25.  Today it traded as high as $4.52 closing at $4.46.  If this momentum continues then $6.00 is the price target.  Short ratio, 9 days to cover.

GLYC: Stock popped up from a wedge pattern trading through lateral resistance at $14.75.  If the momentum can continue we should see $16.00 and $18.00.  Short ratio, 9.4 days to cover.  

IMMU: Stock popped out of the down trending channel trading as high as $12.85 today closing at $12.60.  If the momentum continues, it should trade up to the top of the up trending longer term channel to $14.00 and then $15.00  Short ratio, 11.2 days to cover.

MRNS: After a big gap up last week the stock pulled back and has been marching its way back up.  Today it broke to new recent highs and traded as high as $5.74 closing at $5.50.  If the momentum continues then $6.50 is the price target.

NE: Noble oil broke out today after absorbing an acquisition that has taken several months to consolidate.  It traded as high as $4.65 today closing at $4.45.  Resistance comes in at $5.50 and $6.50.  Short ratio 6.7 days to cover.

OAS: This oil stock has broken out of its base from the last 3 months.  Today it traded as high as $9.14 closing at $9.13.  Resistance levels are $10.00 and $12.00.  Short ratio 5.5 days to cover.