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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why Camber Energy Looks Set To Surge

Camber Energy NYSE Oil

Camber Energy, Inc (NYSE:CEI) was trading about 3% lower at the market open on Thursday after rising over 3% on Wednesday.

The oil and natural gas producer has been trading in a sideways pattern to consolidate a 60% surge between April 13 and April 18, which has settled the stock into a bull flag pattern that Benzinga called out on April 18, before the pattern had fully developed.

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