Hello my dear traders and investors friends. SandRidge Energy Inc. (SD) closed today at US$12.09 (+11.94%), with a volume more than three times the daily shares average. After a 10 days price consolidation around of SMA100, today made a major breakout, beating even the level of SMA50. Our internal indicators reacted very positive to the rise of this stock. Money Stream exceeded its SMA22 and MACD went into positive territory.
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SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties. Its Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in the West Texas Overthrus (WTO) and the Permian Basin. The company’s Drilling and Oil Field Services segment drills wells for other oil and natural gas companies, primarily in the west Texas region. The company, formerly known as Riata Energy, Inc., was founded in 1984 and is headquartered in Oklahoma City, Oklahoma. (yahoo finance).
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