NewPark Resources Inc. (NR)

Newpark Resources, Inc. (NR) a provider of environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market broke out again yesterday on very heavy volume.  This was the third recent high volume price spike within the last five days.  Newpark Resources is part of one of FusionIQ’s strongest groups, Oil Field Services, which lends credibility to its recent strength as we would much rather purchase a strong stock in a strong group than a strong stock in a weak group.

 

With a point and figure price target of $15.25 there is plenty of upside left for NR shares.


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