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Opinion on  Warren Resources Inc. (WRES)     Sector: Energy  >  Industry: Oil & Gas Operations
Warren Resources Inc. (WRES) drifts lower

Jul 24, 2007 06:25 AM GMT
Return Risk
+12.45% HIGH
Tracked Blogger

Fundamental Analysis  
Via swingtrading.catspeaker.com:  

Since the beginning of this year, Warren Resources Inc. (WRES) has set lower highs and lower lows on gradually increasing volume. The macd indicator on a weekly chart gives a hint the trend may stop, however I think volume needs to wane first. I'm holding my short position until Warren Resources Inc. (WRES) hits my target of 10 or some other evidence surfaces for a trend reversal.

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This is a tracking account  [?]   SocialPicks is not affiliated with swingtrading. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by swingtrading

WRES:  This call was made on 07/24/07 @ $11.41
Rating:   Negative   $11.41 (07/24/07)
Gain/Loss:   +79.23% in 1770 days
Target:   $10.00 (-12.36%)


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