Chart is sad, and oversold. Huge short interest. Could double if oil finds some footing
Many oil services have rebounded lately. Producers have been lagging. Could this change in early 2015?
Many oil services have rebounded lately. Producers have been lagging. Could this change in early 2015?
1D Chart: Looking at EOX with a few tooly indicators we can see that we are sitting at a newly formed floor, we haven't seen this positioning since Feb 2013. Using the Fib retracement tool from the bottom of this past week we can see a nice movement bounce to around $7.2- this could be a really good spot to enter as the market will either bounce into a new support...
Oil company with recent acquisition. Positive EPS q/q growth Debt per equity is high but Quick Ratio is 2.5 Technicals establish a strong short term trend.