|Day Low/High||38.97 / 41.41|
|52 Wk Low/High||2.76 / 49.14|
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.
Strength in certain names has been sold, but I don't think the small-cap oils trade is over.
Cramer shares his views on why some still want to buy Bank of America. Wells Fargo, Celgene and Micron are among the stocks discussed.
Stock picking is going to be particularly important next week.
Despite the drama in shippers, we continue to have good action in a number of stocks.
Loose regulations and rejection of the climate agreement bring uncertainty to the sector.
The market isn't buying that Trump is bad for business
Oil prices tanked today after the U.S. Energy Information Administration reported strong inventory build-up.
These four stocks have soared in 2016. Here are the reasons and a look at whether there is still time to jump aboard.
The biggest negative I see right now is that so few individual stocks are acting well.
Resolute Energy (REN) said late yesterday that it would buy $135 million in oil and gas properties in the Delaware Basin from Firewheel Energy.