The Traderszone Network

Published in TZ Latest News 13 August, 2014 by The TZ Newswire Staff

Bonanza Creek Goes Off The Beaten Path For Growth

Oil and gas producers have felt some selling pressure in recent weeks, but technical breakdowns have been scant, perhaps because earnings and sales prospects remain bright for several names in the group. Bonanza Creek Energy (BCEI), for instance, has a market capitalization of just over $2 billion. It’s liquid, too, with an average daily volume north of 800,000 shares.

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