See the full article on Seeking Alpha.
Summary
- The energy sector, along with oil prices, is in technical bear market territory as economic growth worries spook investors.
- SandRidge Energy rallied from under $1 to almost $30 in just over two years, but then crashed 50% in a month.
- After the dramatic fall, the company trades with a high free cash flow yield.
- The technical situation appears bullish as the stock held the key $14 level.
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