Oil was getting hammered due to Brexit fears and a rising dollar. $WLL (Whiting Petroleum stock) declined -31% the past 3 days and decided to start bottom picking this E&A name on short-term oversold conditions. $WLL has de-levered its balance sheet and is now considered a good strong oil services name in our opinion making it a great overnight swing candidate.
The stock market opened up nicely today and we sold out of the position premarket to lock in all gains to focus on other oversold Brexit plays. All stock trades are called out live in the MookTrader chat room. Come trade with us!
Net profit: +$4,046