This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Oversold Stocks Ready to Bounce, 2 to Avoid

HK Chart HK data by YCharts

Halcon Resources(HK - Get Report)

Background: Halcon Resources is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The company trades an average of 3.8 million shares per day with a market cap of $1 billion.

52-Week High: $13.35

52-Week Low: $1.95

Book Value: $4.73

Analysts continue to believe in the direction Halcon is headed. Four of the four analysts covering the company give a buy recommendation.

From a technical perspective, the 60-day moving average (some use a 50-day) is above the 200-day moving average and is somewhat bullish. Recently, HK broke through the resistance trend line. Also, the chart is oversold on the daily and weekly time frame.

In the last month, the stock has really taken a turn for the worse. Shares have crumbled 12.3% in the last month of trading. This should have washed out most of the large sellers leaving strong hands holding.

Revenue year-over-year has decreased slightly to $107.88 million in fiscal 2011, compared to $112.33 million in the previous year.

The short interest is markedly elevated and short sellers have done well in the past couple of months. The current float short is 14.8%, and any large catalyst could begin a short squeeze.

HK Free Cash Flow TTM Chart HK Free Cash Flow TTM data by YCharts

2 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EA $61.85 0.00%
FB $117.58 0.00%
HK $1.22 0.00%
PLCM $11.95 0.00%
TTWO $34.18 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs