TUSK trade ideas
TUSK - possible breakout incoming I'm reposting this as it was flagged for violating the house rules so my apologizes for that, in either case keep your eyes on TUSK as it is primed and setup for a possible BREAKOUT. I have played options and shares in this position if you happened to see my BLNK post or if you want you can pull up BLNK on a one day one year chart and find a similar setup in the trend and it could be a possible example of what might take place here, as always not financial advise just simply trying to educate those that care to learn especially as these plays tend to be extremely fun to play lol
$TUSK awarded a contract of $40 million in revenue Mammoth Energy Announces Growth of Engineering Services Company
$TUSK today announced that its wholly owned subsidiary, Aquawolf, LLC (“Aquawolf”), has been awarded a contract by a major utility to provide engineering and design services. The three-year contract is expected to generate up to approximately $40 million in revenue over the contract term.
finance.yahoo.com
C Wave completeing shortlyGot my eyes between the .5 and .618 on the fib chart here. This area should become a good support area as RSI goes over sold, and MACD beginning to turn up a bit.
350% gains are not sustainable I guess!
This one will bounce back and is and has always been a long term asset for me.
Tusk - Risky Move But Huge RewardsMammoth Energy Services, Inc. engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following business segments: Pressure Pumping, Infrastructure, Natural Sand Proppant, and Other. The Pressure Pumping segment provides pressure pumping services, also known as hydraulic fracturing, to exploration and production companies. The Infrastructure segment offers restoration, repair, transmission and distribution, and commercial services. The Natural Sand Proppant segment refers to natural sand proppant services wherein it involes mining, processing, and selling sand. The Other segment offers energy services including contract land and directional drilling, coil tubing, pressure control, flowback, cementing, acidizing, equipment rental, crude oil hauling and remote accommodation services. The company was founded on June 3, 2016 and is headquartered in Oklahoma City, OK.
SHORT INTEREST
2.09M 08/15/19
P/E Current
0.61
P/E Ratio (with extraordinary items)
0.93
P/E Ratio (without extraordinary items)
3.43
Average Recommendation: OVERWEIGHT
Average Target Price: 6.28
Wait for it to trend up above the Orange EMA to look at an entry. This is risky but could bounce off this zone.