Watch CDEV
Another good oil/gas company.
CDEV is currently trending up on its weekly chart and daily chart, finding support on the daily. Volume suggests that prices will not break below its 20MA. The price action suggests the stock is on the move towards its 52-week high of 20.97. It currently trades at 18.68. So, there may not be much room for growth as I would like but we still have a setup for a positive move. Considering the fundamentals, we could see a price move above the 52-week high.
CDEV has outperformed the S&P by 17 percent over the past 13 weeks, and has positive earnings per share of .09, which strong considering the rest of the industry that it sits in has negative earnings.
I see no reason why this stock can't reach its 52-week high or better.
CDEV is currently trending up on its weekly chart and daily chart, finding support on the daily. Volume suggests that prices will not break below its 20MA. The price action suggests the stock is on the move towards its 52-week high of 20.97. It currently trades at 18.68. So, there may not be much room for growth as I would like but we still have a setup for a positive move. Considering the fundamentals, we could see a price move above the 52-week high.
CDEV has outperformed the S&P by 17 percent over the past 13 weeks, and has positive earnings per share of .09, which strong considering the rest of the industry that it sits in has negative earnings.
I see no reason why this stock can't reach its 52-week high or better.
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