Whiting Petroleum Corp. (WLL)

[ITMS]

Target Short Level Within Reach On Whiting Petroleum Corp $WLL

Shares of Whiting Petroleum Corp (WLL) are up over 150% since February 2018. This is due to a short squeeze based on crude oil spiking higher for most of 2018. With the bulls in full charge and the greed indicators flashing red, smart money is starting to scope out a short level. Based on the stock chart, a short can be taken at $53.00. This is a beautiful double top which provides the technical short signal to match the overbought greed indicators. Once hit, look for Whiting Petroleum to fall sharply back to $41.35.



Gareth Soloway
InTheMoneyStocks