CNX trade ideas
Nice divergence to upside on CNX bought someCNX has this third bottom in place but MACD has diverged up, and prices moving up form the bottom. Options are few and far between as is common with lower priced stocks. Bought the stock 500 @ $7.14. Gonna see how this pans out, MACD says price should be at $7.42 or so. If we get close to $7.40 we'll sell.
$CNX HIGHLY UNUSUAL OPTION ACTIVITY IN CNX RESOURCES.*****KEEP ON STRONG WATCH, OPTIONS TRADERS MUST HAVE HIGH CONFIDENCE TO PLACE SUCH A TRADE*****
AVERAGE ANALYSTS PRICE TARGET $13.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
CNX Resources Corp. is an oil and gas company, which engages in the exploration, development, production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin. The firm operates through the following segments: Marcellus Shale, Coalbed Methane, Utica and Other Gas. The The company was founded in 1864 and is headquartered in Canonsburg, PA.
$CNX buying at support here. Einhorn & Gabelli play$CNX has been pummeled down 40% in two weeks after earnings and we are given a low risk long entry here at trend line support. $CNX has no insider sales in over a year and is owned by many smart investors such as David Einhorn, Ray Dalio, Isreal Englander, Mario Gabelli and Southeastern Asset Management. I suspect we see these investors start to rattle the cage to unlock value at this nat gas and coal powerhouse. I am a buyer under $10.
CNX- forming Double top, get ready for ShortWith heavy insider selling & formation of Double top, CNX looks very good SHORT opportunity.
We are looking to get in current price around 13.5 with a Target of 9
On the Option side buy Jul16, 12 Put at $0.62 is very good with huge volume
for longer term looking for Oct16, 11 Put currently trading at $1.25