|Day Low/High||9.92 / 9.92|
|52 Wk Low/High||9.77 / 10.05|
Oil and gas producers plan to borrow more funds despite worries about transportation bottlenecks as those currently experienced in the Permian Basin.
These are the stocks to watch as Iran production is called into question.
But we need a 'market-clearing' for the oil downturn to really end.
CRZO's chart is bullish, and the company has some attractive fundamentals.
Stocks ended Monday's trading session lower. The S&P 500 lost 11 points. The Dow Jones Industrial Average fell 86 points and the Nasdaq finished lower by 10 points.
Stocks hovered around the flat line in midday trading Monday with the Dow and the S&P 500 slightly down and the Nasdaq inching slightly higher.
These names are trading at multi-year lows. Let's check the charts.
A hammer pattern has been put in, so chances are good. Let's also look at a new energy trade.
Rosetta Resources is almost a pure play on the Eagle Ford and Permian shales.
These three under-the-radar names look liable to break past resistance sooner rather than later.
All things considered, this on-shore energy name looks like a solid buy at these levels.