The oil patch is full of boom and bust opportunities. One pick that we like is $CRK.
With $CRK, you're betting that nat gas prices have finally bottomed and that Dallas Cowboys owner Jerry Jones has found a hidden diamond in the rough.
Yesterday's headlines:
Comstock Resources (CRK +19.5%) spikes to its highest levels in six months on much heavier than usual...
This pick is for a long term investing because the triangle need for a breakout to be confirmed (Price Action Above 10.40 or more)
I shared this idea because here, there are a lot of things that Technical Analysts take in to account for selecting a stock.
*High Volume or high spike volume
*Bullish Gap the same day that the high spike volume 2018-04-23
(The gap...
So since November, CRK has been steadily rising with higher and higher lows. It's touching on the ten dollar mark within a day or two and a solid indicative volume increase. Im going long.
CRK just barley broke out today, watching for a long on continuation of the breakout tomorrow. Risk is right on the breakout level so it's a nice risk to reward.
- Here’s another Quick Trade from Our Trading Room Executive summaries -
3rd Jun in Executive summaries we discussed about CRK & we bought CRK at 0.76. It has huge potential & can be a Long-term fundamental hold as this company is coming down from $30. Also MA lines are supporting for Momentum Long. With our surprise in next 2 days the Stock moved to 1.03,...
Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company's oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company's properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company's Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas.
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CRK
