On Wednesday, our Under the Radar Moversnewsletter suggested shorting small cap energy engineering and professional services stock ENGlobal Corp (NASDAQ: ENG):
ENGlobal is admittedly a pretty big gamble, though one with a nice payoff. The “bet,” so to speak, is that today’s doji bar is indeed a pivot out of an uptrend and back into a downtrend. The fact that it’s so overextended lends itself to this theory.
Our Under the Radar Moversnewsletter would have a further discussion about ENGlobal Corps technical chart along with a potential shorting strategy:
Founded in 1985, ENGlobalCorp is a specialty engineering services firm that focuses on automation solutions and select EPCM projects for the energy industry and markets throughout the world. The Automation segment specializes in integrated services related to the design, fabrication and implementation of advanced automation, control, instrumentation and process analytical systems. The EPCM segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services.
Hot Energy Stocks To Buy Right Now: TEGNA Inc.(TGNA)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Tegna Inc. (NYSE: TGNA) which traded down 6.3% at $22.03. The stocks 52-week range is $17.91 to $26.65. Volume was 8.6 million versus the daily average of 2.2 million shares.
- [By Paul Ausick]
Tegna Inc. (NYSE: TGNA) dropped 2.5% Monday to post a new 52-week low of $14.32 after closing at $14.68 on Friday. The stock’s 52-week high is $26.65. Volume was about 7.1 million, approaching double the daily average of around 3.8 million shares. The company had no specific news, but is still feeling the effects of its spin-off of Cars.com.
Hot Energy Stocks To Buy Right Now: InterOil Corporation(IOC)
- [By WWW.KIPLINGER.COM]
On the production side of things, XOM continues to dive head-first into natural gas production and shipping. The fuel promises to be one of the primary ways we generate electricity in the future, and smart mega-buys such as XTO and InterOil Corporation (IOC) have made Exxon one of the worlds biggest players in nat gas.
Hot Energy Stocks To Buy Right Now: Cedar Fair, L.P.(FUN)
- [By Peter Graham]
A long term performance chart shows shares of SeaWorld Entertainment mostly underperforming since the IPO and largelymoving sideways for the past 2 1/2 years whileamusement park stocks Six Flags Entertainment Corp (NYSE: SIX) and Cedar Fair, L.P. (NYSE: FUN) have generally been steady performers for investors:
- [By Joe Tenebruso]
Cedar Fair (NYSE:FUN) reported first-quarter financial results on May 2. The amusement park master limited partnership is enjoying strong early-season sales, and management is confident that it will hit its annual distribution growth targets.
- [By WWW.THESTREET.COM]
Cramer was bearish on Hertz Global Holdings (HTZ) , General Motors (GM) , Pandora Media (P) , Cedar Fair (FUN) , Quotient Technology (QUOT) and Rite Aid (RAD) .