Benzinga  May 18  Comment 
Church & Dwight Co., Inc. (NYSE: CHD) shares reached a new 52-week high of $98.45 following unconfirmed market reports the company is being eyed as an acquisition target by Durex and Procter & Gamble Co (NYSE: PG). Negocios.com reported that Durex...
Motley Fool  May 16  Comment 
The market has spoken, and the best shale oil acreage in the world is found in the Permian Basin.
Benzinga  May 16  Comment 
First Majestic Silver Corp (NYSE: AG) shares gained 4.58 percent to reach a new 52-week high of $11.19. First Majestic Silver shares have surged 98.52 percent over the past 52 weeks, while the S&P 500 index has declined 3.88 percent in the same...
The Times of India  May 11  Comment 
BRISBANE, (BSW) -Novum Networks isrolling out its business-class ISDN replacementNational Broadband Network (NBN) service that is based on the Broadsoft BroadWorks Hosted telephony platform and features Patton’sSmartNode VoIP productsas Customer...
Benzinga  Apr 21  Comment 
Callon Petroleum Company (NYSE: CPE) has announced the acquisition of Big Star Oil and Gas, LLC as well as a joint development agreement with TRP Energy, LLC for $33 million. Stephens’ Will Green reiterated an Overweight rating for the company,...
Motley Fool  Apr 20  Comment 
Earnings, offerings, and production reports also helped fuel big gains in Callon Petroleum, Helix Energy Solutions, Sanchez Energy, and Calumet Specialty Products Partners today.
Forbes  Apr 20  Comment 
In trading on Wednesday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 2.3% on the day.  Components of that ETF showing particular strength include shares of Callon Petroleum (CPE), up about 10.7%...


Callon Petroleum Company (CPE), another of the oil stocks, has been on an uptrend since what appears to be a "hammer" formation on 7/21/03 (as seen on the weekly 5-year chart), but with weakness by waivering above and below the 50-day and 200-day moving averages until September 2007, when it corrected and took off from there.

The stock has been trending up since September '07 in a two-steps-forward, one-step-back fashion, correcting as needed. The institutional investors have also thought this was a good stock, and they have been increasing their holdings (albeit slowly) in the stock. Additionally, the RSI (relative strength index) has been steadily increasing since September, when it crossed into positive territory placing CPE among the healthy stocks in the market (and possibly a future leader), even though the price is only in the mid-20's and not in the hundreds such as other monsters in the group.

Technically, the stock has some work to do before it becomes a sound investment. Currently, the 50-day moving average is at $17.18, which means that the stock would need to at least pull back to that level or base [move sideways] in a tight trading range until the moving average catches up with the stock BEFORE one should even consider investing in this stock.


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