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Carolyn Boroden is a Commodity Trading Advisor and technical analyst who has been involved in the trading industry for over 25 years. Her background includes working on the major trading floors including the Chicago Mercantile Exchange, the CBOT, NYFE and COMEX, where she eventually shifted over to focusing on technical analysis of the markets.
This stock is shaping up for a buy, but hold off until these key moves materialize.
There are a few bearish factors that need to be considered.
Bonanza Creek Energy is flashing signs of a possible imminent upward reversal.
This setup hasn't yet reached its goal, so I'd still buy on a pullback.