|Day Low/High||16.03 / 16.32|
|52 Wk Low/High||13.72 / 22.11|
The technical action of the oil-and-gas company's shares isn't favorable as it points to further declines in its stock price.
Here are some stocks to play in this tense environment.
Still, there is money to be made if you're strategic.
To capture a quick upward move in oil prices, it's probably best not to overthink it.
Shares of the independent oil and natural gas company slumped on Wednesday after the company announced an 'upsized' or secondary offering of its shares.
Use available weakness in the trading range to initiate or increase positions.
Jim Cramer has suggested stocks to own after the OPEC decision to curtail production.
The OPEC agreement puts a floor under oil I don't think will ever again be breached.
The supposed OPEC deal is just a desperate action to stop oil prices from collapsing again.
We would look to go long VA on a $39 buy-stop using a $34 sell-stop.