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Its been a huge month for $COP.  December gain so far is 15%.  This powerful move has driven shares past the 2021 and 2018 highs.  A retest of the stock’s all time high, set back in 2014, is well within reach.  

$COP is heading for its best weekly close since July 24, 2014.  The stock printed its all time high earlier that week. 

$COP had completely worked off its extremely high overbought reading(daily MACD) as of early December.  Shares are currently well below overbought levels. 

Upside volume has picked up nicely this month(accumulation).  

Long $COP in some managed accounts. 

Not a recommendation to buy, sell or hold.