Energy Name with M&A Rumors Nearing Breakout to Highs
Denbury (DEN) shares coiled tightly the past month and nearing a breakout from monthly value area above 97.20 with potential upside to 104-105 in the short term. An energy stock with previous M&A chatter that could reignite soon as the stock has held up very well in the oil patch and continues to trend strong above its 55-day EMA now at 89.50.
