Perilous Reversal Stock: PDC Energy (PDCE)

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Trade-Ideas LLC identified PDC Energy ( PDCE) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified PDC Energy as such a stock due to the following factors:

  • PDCE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $85.6 million.
  • PDCE has traded 500,096 shares today.
  • PDCE is down 3% today.
  • PDCE was up 9% yesterday.

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More details on PDCE:

PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. PDCE has a PE ratio of 118.9. Currently there are 13 analysts that rate PDC Energy a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for PDC Energy has been 856,800 shares per day over the past 30 days. PDC Energy has a market cap of $2.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.66 and a short float of 15.3% with 2.51 days to cover. Shares are up 5% year-to-date as of the close of trading on Friday.

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