Eagle Rock Energy Partners (EROC) develops and produces oil and natural gas properties located in south Alabama, the Mid-Continent, Permian, and Louisiana; and has natural gas gathering and processing assets in the Texas Panhandle, east Texas/Louisiana, south Texas, and the Gulf of Mexico.
Insiders are buying shares. Chairman Joseph Mills bought 6,000 shares on August 27, 2014. Chief Financial Officer Robert Haines bought 5,000 shares on August 27, 2014. According to both Form 4s, they bought these shares at around $4.10 per share. They each bought about $20K worth of shares.
EROC has just formed a candle over candle buy signal off the previous $4 support area, with an MACD buy signal:
EROC has traded mostly within a range of $4.05 to $4.15 over the last 5 trading days, but exploded out of that range on Friday as you can see on the 10 minute chart:
Disclosure: I do not hold any position in any stock mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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