U.S. markets open in 2 hours 4 minutes
  • S&P Futures

    4,382.50
    +34.25 (+0.79%)
     
  • Dow Futures

    34,129.00
    +290.00 (+0.86%)
     
  • Nasdaq Futures

    15,120.50
    +111.00 (+0.74%)
     
  • Russell 2000 Futures

    2,201.20
    +24.40 (+1.12%)
     
  • Crude Oil

    71.02
    +0.73 (+1.04%)
     
  • Gold

    1,767.70
    +3.90 (+0.22%)
     
  • Silver

    22.54
    +0.34 (+1.51%)
     
  • EUR/USD

    1.1743
    +0.0015 (+0.13%)
     
  • 10-Yr Bond

    1.3090
    0.0000 (0.00%)
     
  • Vix

    23.00
    +2.19 (+10.52%)
     
  • GBP/USD

    1.3679
    +0.0020 (+0.14%)
     
  • USD/JPY

    109.4250
    +0.0050 (+0.00%)
     
  • BTC-USD

    43,449.48
    -875.18 (-1.97%)
     
  • CMC Crypto 200

    1,089.49
    -44.89 (-3.96%)
     
  • FTSE 100

    6,983.07
    +79.16 (+1.15%)
     
  • Nikkei 225

    29,839.71
    -660.34 (-2.17%)
     

Callon Petroleum Out Of Gas

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shale oil producer Callon Petroleum (CPE, daily & weekly) continued to sell off Friday. It round-tripped a 43% gain and then some. It also fell decisively below the 10-week line for the first time since the start of its big run. Both are very strong sell signals. Probably should have taken at least partial profits as it broke 21-day line earlier this week/month.