This Bearish Energy Play Worked
Tim Knight | May 03, 2017 02:05PM ET
Back on February 7, I advised going bearish on energy stocks. With ERY up nearly 30% since then, it's turned out to be a solid play. Oil has been a delight, falling almost every single day for the past half-month, but looking at it now, I want it to shatter support around $47.50, which would really get things rocking.
ERY has completed a cup-with-handle pattern, but unless oil can really shatter the floor, I’ll be waiting impatiently.
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