One golden cross coming upIf the stock continues to the maintain the present price level the in about one weeks time the 50 day SMA will cross over 200 SMA.
This crossover or the golden cross is considered very bullish technically. At this time the stock is creating a double top & a cup formation. If the oil prices remain strong then we are going to see further run-up.
At these prices, the CPG should be making good money even though they have a lot of hedges. The unhedged portion of the production will benefit from the present prices. THis will in next quarter results should improve substantially
Hopefully, CPG will get some new directors. Icing would be if the CEO is replaced. At least the company is getting the message that they have messed and the investors are mad.