Seeking Alpha: SandRidge Energy: Shares Plunge To Key Support As Oil Falls
See the full article on Seeking Alpha.
Summary
- The energy sector, along with oil prices, is in technical bear market territory as economic growth worries spook investors.
- SandRidge Energy rallied from under $1 to almost $30 in just over two years, but then crashed 50% in a month.
- After the dramatic fall, the company trades with a high free cash flow yield.
- The technical situation appears bullish as the stock held the key $14 level.
Recent Content
-
_thumb.gif)
Ominous C-Suite Signal: Dividend Change Announcements Look Spooky
-
_thumb.png)
Data Minds - Proactive Data Strategies for Navigating Market Uncertainty | September 14, 2023 [Recording available]
-
_thumb.png)
Can Arm and Instacart Resuscitate the IPO Market?
-
Investing.com: Can Arm and Instacart Resuscitate the IPO Market?
-
Wall Street Horizon Q2 LERI (Late Earnings Report Index) Continues to Show Uncertainty from US Corporations
-
Traders' Insight: Data Strategies to Prepare Portfolios for Volatility
-
_thumb.png)
Data Strategies to Prepare Portfolios for Volatility
-
_thumb.png)
2023 Surge in Reverse Splits: A Reflection of Wall Street's Unease
-
See It Market: 2023 Surge in Reverse Splits: A Reflection of Wall Street’s Unease
-
_thumb.png)
Strong Earnings, Troubled Stocks: 3 Companies That May Light Up Volatility Screens
