MTDR: Zacks says to sell
Posted: Thu Apr 24, 2014 9:20 am
From Zacks Equity Research Team: "Matador Resources Co (MTDR) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because MTDR is now in overbought territory with an RSI value of 70.1. Furthermore, Matador Resources currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth."
MTDR is approaching my Fair Value Estimate of $29.00 / share.
If you have a large gain on this one, consider selling half now or selling covered calls.
I need to see Q1 results before I can adjust my FVE.
MTDR is approaching my Fair Value Estimate of $29.00 / share.
If you have a large gain on this one, consider selling half now or selling covered calls.
I need to see Q1 results before I can adjust my FVE.