IO 2018-03-26

I O N Geophysical Corp (IO)

This stock came to my attention yesterday when it was in the Stocks on the Move in Investor’s Business Daily on 03-25-18.

This company works with US oil production and the price of oil is around $65 a barrel. In a recent article on the US Oil industry is expanding and OPEC is cutting production. I believe that this is positioned well

I bought 100 shares today at $25.09. If I’m right a 20% gain is $30.10 and I have a stop loss at $23.33. I had expected that the MACD would have crossed 0 today, but it didn’t and was close

Composite Rating: 87
EPS Rating: 79
RS Rating: 99
Group RS Rating: B-
SMR Rating: D
Acc/Dis Rating: A-

This company has a good bit of debt 395% and is a warning flag. This also has ROE: 0%