by Sam Collins 03/27/08
Weatherford International Ltd. (WFT) -- This provider of equipment and services used for the drilling, evaluation, completion, production and intervention of oil and natural gas wells has been in a bull market for years
However, since mid-2007, WFT has been consolidating within a broad "W" with support at around $55 and resistance at just over $70.
Now it looks like WFT is building steam with higher upside volume and a stochastic indicator that is strong. A breakout through $73 could take the stock to the mid-$80s.
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