PEDEVCO Corp. (PED)

Trade Setup

PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2018, the company held approximately 23,441 net acres in the Permian Basin Asset located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,948 net D-J Basin acres in D-J Basin Asset situated in Weld and Morgan Counties, Colorado.

Stocks found in the category TradersPro New Uptrend are low priced stocks priced between .30 and $3, with at least 50k shares of average shares trading per day.   The stocks are starting new uptrends and have buy signals.  These are high reward to risk stocks with the potential for very sharp moves.  A stop should be maintained at the low of the most recent hold signal day.   Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro. Trailing stops or letting the stock run until the next sell signal is also a sell strategy.

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