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PetroChina Regroups After Big 2003 Gains.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
PetroChina was one of the roaring success stories in the Chinese ADR market last year. The industrial revolution in that nation spawned huge gains for a wide array of stocks, including a number of energy and basic materials producers.
The producer of two-thirds of China's oil and gas, PetroChina nearly tripled from its breakout in April 2003 to its peak in January. The stock has since formed an eight-month base. It's currently trading above its 50-day moving average as it builds the right side of its base.
The firm hails from the Oil&Gas-International Integrated group, ranked 42nd among the 197 …
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700+ words
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