SandRidge Energy (SD) appears poised for upside acceleration after spending the past 2 weeks consolidating its March-April up-leg. All of the action off the April 23 rally peak at 7.10 has the right look of a mature bull flag-type of consolidation pattern that should resolve itself to the upside in a thrust to the 7.50 level in the coming days. (Click on the chart in case you actually want to see the damned thing).
By Mike Paulenoff, originally published on MPTrader.com.
