Resolute Energy Corp (REN)

Here are the activist investor's next potential targets.

The activist will gain $320 million on the sale, which suggests that the fund either doesn't believe a higher bidder is coming or that they need the cash.

The most recent short interest data has been released for the 06/30/2017 settlement date, which shows a 706,149 share decrease in total short interest for Resolute Energy Corp , to 5,827,654, a decrease of 10.81% since 06/15/2015. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

Investors eyeing a purchase of Resolute Energy Corp shares, but tentative about paying the going market price of $29.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $18 strike, which has a bid at the time of this writing of $2.60.

In trading on Thursday, shares of Resolute Energy Corp entered into oversold territory, changing hands as low as $27.832 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.

Here are the activist investor's next potential targets.

There are several others who could also reap benefits.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

In recent trading, shares of Resolute Energy Corp have crossed above the average analyst 12-month target price of $44.67, changing hands for $45.01/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 30, Resolute Energy Corp's Director, Gary Hultquist, invested $81,398.00 into 2,000 shares of REN, for a cost per share of $40.70.

In recent trading, shares of Resolute Energy Corp have crossed above the average analyst 12-month target price of $38.33, changing hands for $39.12/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Plus other sectors to watch in this rotation.

The rally in oil prices may last longer than many traders think it will.

If breadth doesn't start to broaden that is going to be a problem.

The dilemma is that strong momentum often is underestimated yet makes entry points increasingly difficult.

But volume was light so the market may be primed for taking profits.