Gas and exploration companies have had a nice resurgence in 2014, and Newfield is one of them. Its recent breakout to 29 has this one poised to launch even higher, at least to the previous highs (which are marked on the chart below). Momentum indicators are strong, and we can see the very bullish and powerful W formation in the price chart. Volume trends are also good, while option flow has been solid for calls. This is one name I’ll be keeping my eye on.