Northern Oil and Gas (NOG) Shares of Northern Oil and Gas (NYSEAMERICAN: NOG ), an independent energy producer, are looking ready for another breakout attempt from its five-month consolidation range, making another challenge on its 200-day moving average. Chairman Jerome Powell delivered a dovish message, which the Street had expected given the fresh memory of Q4 market volatility, a lack of inflation pressure, and recent softness in the economic data (aside from job gains). Weighing on sentiment slightly was a disappointing earnings report and outlook from FedEx (NYSE: FDX ), which called attention to weaker global trade growth trends.