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Will KLR Energy Acquisition Continue to Surge Higher?

Zacks Equity Research
Investors need to pay close attention to Denbury Resources (DNR) stock based on the movements in the options market lately.

As of late, it has definitely been a great time to be an investor in KLR Energy Acquisition Corp. ROSE. The stock has moved higher by more than 100% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider ROSE’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ROSE has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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