SandRidge Energy Inc (SD)

[jtomm]

Two gaps in the chart. Hope it doesn't get there, but one is below 21.78, and the other is below 18.06. If you put SD on a 3-year chart, you can really tell how steep the climb has been lately. You could draw a trend line across the bottom and come out around 14 and still not break the bullish uptrend. So who knows where it goes.

I also went back and looked at several energy charts over the weekend, and most were about like SD -- more or less treading water for about a month until about May 25 which is when the market as a whole started its relief rally. That's when SD really took off and moved from 20 to 30.

So to a certain degree, SD still at the whims of the market. Almost my entire screen is red this morning, except of course for my teeny-tiny positions. Some of those are up lol.