I don't normally do this, but since so many have followed me into DUG, this is a heads-up that I flipped out of DUG today and have reversed long via XLE (or use DIG, the Long Oil equivalent of DUG). I closed out my DUG calls at $7.80, for a 130% gain.
On the DUG chart below, note how the stock has hit the 50 day moving average, which should provide some resistance if not a more substantial reversal:
On the Daily DIG chart below, look at how deply oversold the MACD is, going back an entire year. This is reflected also in the down slope of the price decline, straight down for the past month. Some kind of bounce is overdue. A full fledged reversal to new highs in the XLE has to start with a bounce, so although early based on the technicals, Oil is up $4.00 as of 2:00PM EDT Wednesday, so I am going for the bounce here, at a minimum.