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5 Energy Stocks Ripe for Shorting

Technical pressure is mounting against these five companies

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Sandridge Energy (SD)

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After recommending Sandridge Energy (SD) as a long position to my clients back in August and September, and booking profits in October, Sandridge has become a disaster zone, down nearly 20% from its high as investors have abandoned the sector.

Sandridge has been unable to break loose of the persistent downtrend pattern going back to mid-2011.

A return to the April-July consolidation range looks likely for the stock, which would represent an 11% decline from current levels.

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