Barnwell Industries, Inc. (BRN) Social Stream



Barnwell Industries, Inc. (BRN): $2.22

0.06 (-2.63%)

POWR Rating

Component Grades

Momentum

A

Stability

C

Sentiment

Quality

C

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Industry: Energy - Oil & Gas

Industry

NR

Ranked

#71 of 92

in industry

Featured Post From StockTwits About BRN

$BRN my thoughts are that this play has multiple bag holders. The pop today was a strong but those who had been trapped wanted out. This play seems to run in spurts. It'll spike. Retrace. Spike. Repeat. As long as we hold the 200 SMA tomorrow, I suspect those bag holding will continue to hold, especially after that ER.

Just remeber, the market is never wrong. If this breaks and closes below the 200 sma, in my view, it's time to get out. That said, I have strong reasons to be bullish here.

But when it comes to these types of predictions, you know how that can go...
ProfitsInYards, published August 12, 2021

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