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Stockreport

Bearish Arguments Make Early Headway [TheStreet.com]

BONANZA CREEK ENERGY (BCEI)  More Company Research Source: TheStreet.com
Last bonanza creek energy earnings: 5/8 04:30 pm Check Earnings Report
US:NYSE Investor Relations: bonanzacrk.com/investor-center
PDF Bearish Arguments Make Early Headway  | Jan 17, 2017 | 10:33 AM EST There are several explanations for the weak action this morning. Breadth isn't terrible with about 2,300 gainers to decliners but it is slipping. Meanwhile, the dip buyers aren't in any big hurry this morning, although I expect at least one good try this morning. The headlines are blaming the Brexit news out of the U.K., Trump's comments about the dollar and general concerns that the recent uptrend is coming to an end. The bearish arguments are easy to make and it is creating some caution. Plus, the media folks are making sure to highlight plenty of worries and concerns about what Donald Trump might do. Under the surface of the indices there are some pockets of momentum in oil names. Bonanza Creek Energy ( BCEI ) and Clayton Williams ( CWEI ) are driving the group with some deal news. And traders are looking for other potential plays on the strength, [Read more]

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