5 Energy Stocks Ripe for Shorting
Technical pressure is mounting against these five companies
Oasis Petroleum (OAS)
Click to Enlarge Oasis Petroleum (OAS), like the other names here, is similarly rolling over after impressive run higher in September and October.
So it goes with profit taking.
The selling in OAS has been particularly intense, with heavy negative volume putting shares into a nosedive of a kind not seen since April.
I’m targeting $41 a share on the downside — a 15% fall from here.
As of this writing, Anthony Mirhaydari did not hold a position in any of the aforementioned securities.
Article printed from InvestorPlace Media, http://investorplace.com/2013/11/5-energy-stocks-to-short/.
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