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[InvestedCentral.com]

NR is a $432 million basic materials company that provides fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry. NR broke out in late January, eclipsing its previous high at $4.60 and doing so with heavy volume. NR continued rising to $5.80 before finally topping and seeing relief on the recent selling. Now NR has stochastics at 5 as it approaches key price support and trendline support, both resting near the $4.60 level. NR can be accumulated down to $4.60 from the current price with a closing stop in the $4.40-$4.50 range. A target could be established near the recent highs at $5.75-$5.80.