KOS At A Pivot Point
KOS At a make or break area of resistance that was formally support a while back. Also coming into the month with stronger volume and a golden cross (bullish technical set up). With strength in energy and in light of the current levels, KOS is something on the list to watch right now. It also put in a new 52-week high on June 21st."Kosmos Energy has been on our penny stock watchlist for months now. By midday, shares of KOS stock had jumped by over 16% to $3.60 per share. The reason for this jump was due to an analyst at Bernstein named Bob Brackett, shifting his recommendation to a ‘Buy Rating’ with expectations for oil demand to increase by over 10%. Even as the market for more sustainable energy and electric vehicles expands rapidly the expectation is to see demand for oil rise in the short term. It’s important to note that this is just one analyst’s opinion and penny stocks that deal in energy sources such as oil are particularly volatile. This is to say that it’s important to do your own research before buying in. Earlier this month, Roy A. Franklin was appointed to the Board of Directors. He is an individual with over 45 years of experience in the energy industry and has extensive experience in multiple private and public companies."
Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
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