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RossSheingold

BRN - Technicals and Fundamentals Aligning For a Nice Run

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Barnwell Industries, Inc. (AMEX:BRN)  
RossSheingold  
AMEX:BRN   Barnwell Industries, Inc.
Volume Moving Averages Fundamental Analysis lowfloat Crude Oil relativevolume rsidivergence
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volumestudies movingaverage fundamental lowfloat crudeoil relativevolume rsidivergence
Reasons to be bullish based on technicals as shown on the chart:

  • Bounce off of EMA 200 at the end of April
  • Strong accumulation trend shown on CMF 20
  • As of July 6, lingering in oversold territory on the RSI histogram
  • Relative volume on an uptrend

Reasons to be bullish based on fundamentals:

  • Crude oil’s recent resurgence
  • Recent insider buying
  • Low float, with retail investors beginning to buzz the stock

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