Jun. 3 at 7:38 PM
$DVN is knocking on the door of that
$46.83 breakout level. With the Coterra merger finalized and a massive
$8B share buyback authorized, the capital return story is getting a major upgrade. If we can claim and hold this level, the path clears up for a run toward the
$60+ analyst targets. Let’s see if the bulls have the volume to finish the job! 📈
🐂 Bull Level: Needs to clear and hold
$46.83 to trigger a move toward
$52.00+.
🐻 Bear Level: Holding
$44.17 is mandatory; a failure here brings the recent consolidation lows back into play.
#DVN #Energy #StockMarket #Trading #hovdid
