SandRidge Energy (SD) is rallying nicely today before the earnings report, up almost 3%. The short interest in the stock is around 20% of the float and with so many bears will run for the exits if the earnings surprise on the upside and a major short squeeze will send the shares way higher.
Delta Petroleum (DPTR) is also rallying in a sell off day in the indexes. That is a bullish signal for this stock and I expect it to clear the 1.42 resistance level soon.
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