CEI News of Debt Sales
CEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there financials more attractive to investors. Volume for the day was enormous at about 24 million share. Bullish momentum continued into ah.
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