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5 Energy Stocks Ripe for Shorting

Technical pressure is mounting against these five companies

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Kodiak Oil and Gas (KOG)

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Kodiak Oil & Gas (KOG), which peaked dramatically in October, has moved below its 50-day moving average in a significant way for the first time since April. The catalyst for the decline was a weaker-than-expected Q3 earnings result of 12 cents per share, well below the consensus estimate of 23 cents.

Technically, there isn’t a major support level until you get down to near $9 a share, which would represent a 20%-plus decline for KOG from here.

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