Interested in a stock that has handily outperformed the market recently? Interested in a stock that has done so yet is still relatively under-loved on the Street? If so, then check out Comstock Resources, Inc. (CRK).
Chart Courtesy of Thomson Financial
Shares of this oil- and natural gas-exploration firm were brought to my attention when they made this morning's post. However, despite the positive comments, there is still room for others on the Street to be won over. According to Zacks, only 4 of 9 analysts (44 percent) rank the stock with a "buy" rating. It is also worth pointing out that few option traders were betting on continued strength. A check of the front-month open interest configuration shows virtually no overhead calls.
With the stock hitting new highs after this news, it seems like this could be a situation where analysts and traders take a second (or first) look at the company. The stock is hitting short-term overbought levels, so that is a near-term concern, but the intermediate-term rally looks strong.
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