5 Energy Stocks Ripe for Shorting

Technical pressure is mounting against these five companies

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5 Energy Stocks Ripe for Shorting

Whiting Petroleum (WLL)

112013Whiting 300x247 5 Energy Stocks Ripe for Shorting
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After a big run in September, Whiting Petroleum (WLL) is rolling over back below its 50-day moving after on a surge of negative volume. The company reported good earnings and revenue growth, but was hit by the fact oil and natural gas prices have weakened lately.

If you squint, Whiting stock seems to have traced out a compressed head-and-shoulders reversal pattern that points to a price target of $54 a share — an 11% drop from current levels.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/5-energy-stocks-to-short/.

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