Tuesday, May 28, 2013

Devon Energy Starting to Make a Move

One of the better plays in the energy sector at this time appears to be Devon Energy (DVN), which several days ago, dropped to levels not seen since a brief moment in 2011. Other than that, it hasn't traded that low since 2009. It has made a nice move since the latter part of April, but when measured against a 5-year performance, it is still relatively cheap. If measured against a six-month chart, it looks more volatile and unpredictable. The reason why is because it, in fact, has been.

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