20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Camber Energy Inc (AMEX:CEI) shares are trading higher Monday. The company on Friday announced it would move the effective date for its 1-for-50 reverse split to Dec. 21.
What Happened: Camber Energy expects the effective date for its reverse stock split to be Wednesday, which is sooner than previously expected. Following the reverse stock split, the company's common stock will be reduced from 1 billion shares to 20 million shares outstanding.
Camber Energy is a growth-oriented diversified energy company. Through its majority-owned subsidiary, Camber provides custom energy and power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States.
See Also: Hints Of Santa Rally As S&P 500, Nasdaq Futures Begin Week On Buoyant Note
CEI Price Action: Camber Energy has a 52-week high of $1.98 and a 52-week low of 6 cents per share.
The stock was up 85.3% at 11 cents at time of publication, according to Benzinga Pro.
Photo: Lorenzo Cafaro from Pixabay.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!