USO/BNO hit 52-week highs.

Comments (5)
No. 1-5
Bekka
Bekka

It's moving! Any additional thoughts on USO?

Sean Hyman
Sean Hyman

Editor

Are you profitable on it/them?

TaosJeo
TaosJeo

Sean, yes...18% Sell?

Sean Hyman
Sean Hyman

Editor

I'm not sure if you're referring to BNO or USO, etc. but yes, if you're up that much on either, I'd consider selling and raising cash.

Sean Hyman
Sean Hyman

Editor

USO is approaching its declining 200-week moving average. And there's a ton of focus on oil right now. Many are getting very bullish once again, which makes me think we could be ready for another decent sized pullback soon. Also, USO, Brent crude and WTI crude are all way away/above their 200-day moving averages and risk a large % pullback as a result.