The weekly chart is negative with the 200-week SMA a major resistance at $96.29. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Anadarko Petroleum ( APC) ($70.62 vs. $69.44 on Aug. 1) continues to have a buy rating according to ValuEngine with an elevated P/E ratio and is below its 200-day SMA at $73.42. APC is well below its February 17 high at $88.70 with the June 4 low at $56.42.

The weekly chart profile is negative with the 200-week SMA at $63.86. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Conoco Phillips ( COP) ($57.41 versus $54.44 on August 1) continues to have a buy rating according to ValuEngine with a favorable P/E ratio. COP is above its 200-day simple moving average at $55.53. COP traded as high as $59.68 on March 19 and as low as $50.62 on June 4.

The weekly chart profile is positive but overbought with the 200-week SMA at $46.17. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Chevron ( CVX) ($117.25 vs. $109.58 on Aug. 1) continues to have a buy rating according to ValuEngine with a favorable P/E ratio. CVX is above its 200-day SMA at $106.95. CVX traded to a new multi-year high at $118.53 on Sept. 21. The weekly chart is positive but overbought with the 200-week SMA at $87.79. Investors and traders should sell strength to the risky level.

EOG Resources ( EOG) ($114.19 vs. $98.01 on Aug. 1) continues to have a buy rating according to ValuEngine with an elevated P/E ratio and is above its 200-day SMA at $104.78. EOG traded to a year to date high at $119.69 on Sept. 14 and has a positive but overvalued weekly chart profile with the 200-week SMA at $92.99. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Halliburton ( HAL) ($33.67 vs. $33.13 on Aug. 1) continues to have a buy rating according to ValuEngine with a reasonable P/E ratio and is above its 200-day SMA at $33.23. HAL traded as high as $39.19 on Feb. 24 then as low as $26.28 on June 26.

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