NOA is involved in oil drilling. With the tensions in the Middle East heating up any company that is involved in oil may experience a bounce. NOA didn’t have a good quarter due to some project delays that ate into revenue. They could still be a good technical play.
The Weekly chart shows multiple tops near 12.70 A break above 12.80 could go for an extended run. Multiple tops are usually bearish so it would not be a good idea to jump in without confirmation. A buy stop above 12.80 might be a good entry.
