Oil stocks have been moving over the past two days, with many showing strong momentum, including Parsley Energy (PE) which posted a pocket pivot at its 10-dma on strong volume.
Also note numerous five-day pocket pivots among names like Bonanza Creek Energy (BCEI), Devon Energy (DVN), Diamondback Energy (FANG), Viper Energy (VNOM), etc. as commodity-related stocks come roaring out of the gate in the first two trading days of 2021.
Pocket Pivot Review - Parsley Energy (PE) 1/5/21
|Published:||5 Jan 2021 17:09 ET|
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