This Is What Whales Are Betting On ConocoPhillips
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on ConocoPhillips (NYSE:COP), with 61% of detected trades having bullish expectations. Whales have been targeting a price range of $70 to $125 for ConocoPhillips over the last 3 months. The stock is currently up 1.17% at $101.92, and RSI indicators suggest it may be approaching overbought territory.
May 19, 2023 | 6:15 pm
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Whale investor bullish on ConocoPhillips, targeting a price range of $70-$125. Stock up 1.17% at $101.92, may be approaching overbought.
The bullish stance of the whale investor, along with the majority of detected trades having bullish expectations, indicates a positive short-term impact on ConocoPhillips' stock price. However, the stock may be approaching overbought territory, which could limit the upside potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100