Today's Dead Cat Bounce Stock: Halcon Resources (HK)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Halcon Resources ( HK) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Halcon Resources as such a stock due to the following factors:

  • HK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.8 million.
  • HK has traded 1.7 million shares today.
  • HK is up 3.1% today.
  • HK was down 6.4% yesterday.

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More details on HK:

Halcon Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. Currently there are 5 analysts that rate Halcon Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Halcon Resources has been 6.8 million shares per day over the past 30 days. Halcon has a market cap of $2.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.22 and a short float of 23.5% with 8.50 days to cover. Shares are up 65.5% year-to-date as of the close of trading on Tuesday.

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