CXO - Diamondback Energy: Swing Trade Opportunity
I last wrote about Diamondback Energy (FANG) when it was trading at about $112 back in the beginning of June in an article which can be read at this link. Since then, the stock made 2 sharp moves up and down. The gains on the upward swings were 22% and 25% respectively. The stock is now back down to a low point of about $107.
The choppiness in the stock makes for good potential trading opportunities. Diamondback is now trading at a low valuation near an oversold level. I am expecting the