$SAEX analysis

/ / Day Trading, Stock Analysis

SAExploration Holdings, Inc., an oilfield services company, provides seismic data acquisition and logistical support services to the oil and gas industry in North and South America, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing. The company acquires 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones between land and water, and in offshore in depths reaching 3,000 meters. It operates crews that utilize approximately 29,500 channels of land and marine seismic data acquisition equipment and other equipment. The company is headquartered in Houston, Texas.

As of January 27th 2017, $SAEX looks to be bullish, for a 1 to 2 week hold. A purchase at a price between $6.50 and $7.4 is safe and could bring you returns between 30% and 65% in the next 30 days. If crude oil breaks out above $56, saex could end up seeing much higher returns, close to the $26 dollar range.

Be sure you place a stop loss at 10% below you buy price, and don’t be greedy, a consistent 10% to 15% per month can help dealing with losses and sometimes help bring in more profits.

Also please keep in mind we are not offer trading advice, we are just sharing an idea.

For real stock trading advice you should contact a professional financial adviser.

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