PXSAP - Looking For The Next Oil Stock To Run? 10 Companies To Add To Your Watchlist
- The most recent oil price rally has started to attract momentum traders with a large number of oil-related stocks showing outsized gains on massive volume.
- Introducing ten companies that have already been subject to violent moves in the past.
- The lower both share price and share count, the higher the probability of momentum traders chasing a stock.
- Outlining preference for tanker plays like Performance Shipping, Pyxis Tankers, or Top Ships simply because of their similarities with most recent momentum-favorite Imperial Petroleum.
- At some point, the crowd will depart for assumed greener pastures, often leaving a large number of trapped traders behind. So don't bet the farm on momentum stocks and adequately manage your risk.
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Looking For The Next Oil Stock To Run? 10 Companies To Add To Your Watchlist