Major, major support is now busted and SD is going lower. No brag just fact. Price and volume action says it all. The trend is down and the trend is your friend. Millions now will be sold on any bounce back up to 5, then the plunge will continue down to about 3 or 4.
Again, SD will hit 3 or 4 by year end. Why, SD has massive debt, sinking crude prices and mgmt. problems. Also, their success ratio in drilling has been poor lately. I really would not be surprised to see it print two in a couple of years if crude crashes like gold did.