Get started
RossSheingold

BRN - Technicals and Fundamentals Aligning For a Nice Run

Long
Barnwell Industries, Inc. (AMEX:BRN)  
RossSheingold  
AMEX:BRN   Barnwell Industries, Inc.
Volume Moving Averages Fundamental Analysis lowfloat Crude Oil relativevolume rsidivergence
0
0
volumestudies movingaverage fundamental lowfloat crudeoil relativevolume rsidivergence
Reasons to be bullish based on technicals as shown on the chart:

  • Bounce off of EMA 200 at the end of April
  • Strong accumulation trend shown on CMF 20
  • As of July 6, lingering in oversold territory on the RSI histogram
  • Relative volume on an uptrend

Reasons to be bullish based on fundamentals:

  • Crude oil’s recent resurgence
  • Recent insider buying
  • Low float, with retail investors beginning to buzz the stock

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.