SM MA9 and MA180 Bullish crossoverOn $SM The moving average 9 and moving average 180 have formed a bullish cross over. This signifies the start of a bull run for $sm. We should see $7 soon.
SJL trade ideas
Strong Bullish $SMBreadthScreener bought $SM one month ago at 1.51
Yesterday sold out at 3.17 for the coming today pullback.
Bull flag $SM - BULLISHbarely flagging so there's a lot to happen, could have a nice dip before a break to the upside
keep in mind this is oil and it's cheap so it could get volatile
*not financial adviser
SM can see REVERSAL here!There is a real opportunity here!
SM has taken a beating along with the other major energy players. You can thank Corona virus for causing many of these dumps but i'm looking at the bright side...
Reasons to long:
-Strong weekly support that has seen massive reversals throughout its history
-Weekly divergence on the macd and rsi
-Daily divergence on the macd (Class A)
-Triple bullish divergence on the 4h
- PCZ of crab harmonic pattern (value zone)
-Easy tight stop under resistance, yet high retracing potential
This is not financial advice, please do your own research before opening a position
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SM - Break and test of 200 SMASymbol
SM
Daily Trend
Bearish 📉
Setup
200 SMA Breakout
Looking for change in trend direction
Entry signal
Long entry placed top of Doji at 200 SMA support test
(Triggered yesterday on market open)
Three More Entry OpportunitiesYou can enter on this pullback to the 200 ma, or you can buy when the 20 ema crosses the 200 ma, or you can wait to see if it breaks through resistance.
SM ENERGY CEO TELL INVESTORS To "ignore the noise"EARNINGS CALL TRANSCRIPT
Javan D. Ottoson, SM Energy Company - President, CEO & Director
"In summary then, we are on track with our 3-year transformation plan and very close now to the point where we will be growing within our discretionary cash flow. We have notable competitive strengths and still believe that the trans-formative path we have been following is a low risk path to creating differential shareholder value.
I believe that the pendulum has swung too far toward the low side on our valuation and that this represents an opportunity for astute investors. I would encourage investors to ignore the noise, consider the trajectory of our results and reach their own conclusions."
COMPANY PROFILE
SM Energy Co. is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its operations are located in South Texas and Gulf Coast, Rocky Mountain, and Permian regions. The company was founded in 1908 and is headquartered in Denver, CO.
SM Triangle Pattern Breakout?SM has a long term ascending triangle patter. I think it will break the yellow line. What do you think?
SM Energy Co. SHORTSM Energy Co. just had its dividend calls yesterday, in line with the street expectations. The stock has been in a bearish ride since last december, and we currently see a pullback which leads to a pretty nice short set up. Right now, the 24 ressistance is the entrance point for this trade. We are expecting that SM resumes its bearish trends, and our first target is support arround $18, with stops located just located above the last May's lows
SM Energy Dec '16 CALL SPREADBuy: Dec '16 $30.00 CALL
Sell: Dec '16 $40.00 CALL
Initial outlay: $305 (net debit)
Maximum risk: $305 at a price of $30 at expiry
Maximum return: $695 at a price of $40 at expiry
BE at expiry: $33.05
SM looking for the bounceSM recently failed on this breakout attempt, but hasn't crossed back under yet. looking to see if this can bounce up and continue tomorrow following this little action today.
$SM Bullish ReversalDouble bottom formed with price closing above its 3 month high of 15.87 all on strong volume.
All oscillators look green now looking for a long bias trade setup.
