Ape
Short

Why SGY Can See a 10% Decline

NYSE:SGY   None
With the energy sector seeing a strong bull run there have been some companies that have risen with the tide so to speak. SGY is one of those companies. While YoY revenue has increased since 2011, net income has been decreasing. This can be attributed to the companies' increasing debt levels which has caused SGY to have its' liabilities increase since 2011. The companies aggressive stance to finance growth through financing can prove troublesome. As shown on the weekly chart, SGY has seen a huge decline on heavy volume . SGY's first line of support is at $40

Comments

Nice clean chart and write up Ape. I put this on mu radar just under two weeks ago and looking for similar.
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Ape alfred.m.jones2
Thank you
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