This Oil Stock Just Soared 130%. Should You Chase Battalion Oil Here?

Battalion Oil (BATL) shares more than doubled yesterday, even though the Houston-headquartered independent energy company announced a $15 million private placement. The explosive move pushed BATL’s relative strength index (14-day) to an alarming 95, indicating unusually overbought conditions, which could trigger a sharp reversal in the days ahead. Battalion Oil stock is now trading at nearly 7x its price in late February. More News from Barchart www.barchart.com Is It Worth Buying Battalion Oil Stock ...