Top 2 Energy Stocks That Are Preparing To Pump In April
Portfolio Pulse from Avi Kapoor
Two energy stocks, Sable Offshore Corp. (SOC) and Cross Timbers Royalty Trust (CRT), are highlighted as oversold according to their RSI values, indicating a potential buying opportunity. SOC's stock fell about 10% over the past month, with an RSI of 29.40, while CRT announced a cash distribution and saw a 24% decline in its stock, with an RSI of 28.10.
April 01, 2024 | 11:16 am
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POSITIVE IMPACT
Cross Timbers Royalty Trust (CRT) announced a cash distribution and has seen a 24% stock decline over the past month, with an RSI of 28.10, suggesting it might be a good time to buy.
CRT's recent dividend announcement combined with a significant stock price drop and an oversold RSI status could attract investors looking for income-generating stocks at a lower price, potentially driving up the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sable Offshore Corp. (SOC) is identified as oversold with an RSI of 29.40 after a 10% decline over the past month, indicating a potential short-term buying opportunity.
Given SOC's significant drop and its current RSI indicating it is oversold, there's a potential for short-term price recovery as investors might see it as an undervalued buying opportunity.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90