Oil's Spike Has Driven Whiting Petroleum: Here's The Short

Oil's Spike Has Driven Whiting Petroleum: Here's The Short

InTheMoneyStocks.com  | May 16, 2018 03:15PM ET

Whiting Petroleum (NYSE:WLL) is up over 150% since February 2018 due to a short squeeze based on crude oil spiking higher for most of 2018. With the bulls in full charge and the greed indicators flashing red, smart money is starting to scope out a short level.

Short Here

Based on the stock's chart, a short can be taken at $53. This is a beautiful double top that provides the technical short signal to match the overbought greed indicators. Once hit, look for Whiting to fall sharply back to $41.35.

Whiting Petroleum Corporation


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I agree. These guys love to jump in front of oncoming trains to get steamrolled all the time. No thanks  ... (Read More)

May 17, 2018 01:58AM GMT· Reply
Dante Valerian
Dante Valerian

The same setup for your genius Crude Oil short back in December. Wrong as usual.  ... (Read More)

May 16, 2018 09:19PM GMT· Reply
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