Can The Uptrend Continue for Obsidian Energy (OBE)?

Investors certainly have to be happy with Obsidian Energy Ltd. OBE and its short term performance. After all, the stock has jumped by 12.7% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for OBE?

While we can never know for sure, it is pretty encouraging that estimates for OBE have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks Editor-in-Chief Goes ""All In"" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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Obsidian Energy (OBE) : Free Stock Analysis Report
 
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