Resolute Energy is a small-cap independent oil and gas company that traders may want to keep on their radar as the name has been exploding in recent months and has now formed a clear cup and handle pattern.
New intra-day highs in the stock will be breached if the stock can climb above the $8.30 level, but the stock is already trading very close to its 52-week high on a closing basis. Over the last three months, shares have surged better than 132 percent.
The catalyst for the move in the name appears to be the company's Q3 earnings report, which is due out after the closing bell. Wall Street analysts are anticipating that the company will report an earnings per share loss of $0.03 versus a loss of $3.46 in the year-ago quarter.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
