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Benzinga
56 days

Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter

1. BSM entered a development agreement with Revenant Energy on May 19. 2. BSM's stock fell 7% over the past five days. 3. BSM's RSI value is recorded at 28, indicating overselling. 4. Shares of BSM closed at $12.95 on Monday. 5. Oversold stocks may present a buying opportunity in the energy sector.

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FAQ

Why Bullish?

While BSM's stock has recently declined, the development agreement indicates potential future growth, similar to past recoveries following strategic partnerships.

How important is it?

The announcement of the development agreement along with signals of being oversold suggest a pivotal moment for BSM's price movement.

Why Short Term?

The immediate effect of the RSI below 30 suggests potential recovery in the near term, historically seen with similar momentum shifts.

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