Martha Regaining Street Cred

After basing out for several years following a swoon, Martha Stewart Living Omnimedia, Inc. is showing some serious sign of late in the last few weeks. 

I had previously been looking for some type of bottom to be scalloped out, but the stock continued to be "dead money" for quite some time, grinding sideways to a halt.  However, I was reminded of the name on Twitter earlier today by @luvmyhub, pointing out the impressive price action this month, heretofore. 

On the monthly chart, below, zoomed back a bit, note the recent break higher from the light blue lines, which denote that long period of the stock being dead money. Holding over $5 is likely to be key, going forward, seen with the yellow arrows, in order for the move to hold true and prove to be constructive. You are talking about a firm with a Current Ratio above 2. So, there not likely to be problems meeting short-term financial obligations.

In other words, the can may be a hidden gem here, especially if small caps outperform this year. 

Elsewhere, natural gas is staging a nice move today. I am looking to see how the UNG ETF handles its 50-day moving average now, before considering the UGAZ play for leverage.