After a rebound without fundamentals improvements, the security have a new bearish trend.

From a fundamental viewpoint, C&J Energy Services is in poor shape. Surperformance rating largely punishes the company because of an excessive valuation with an EV/Sales ratio higher than its peers. Its financial situation is alarming and its growth potential is decreasing. The Reuters Consensus is very pessimistic about that stock, the company seems unable to manage the oil crisis.

Graphically, the security is bearish in the mid-term and there is currently no silver lining. Indeed, moving averages are still in a downtrend and argue for a continuation of the decrease in prices. Investors can anticipate a return toward the USD 4.36 support in the coming trading sessions.

Considering technical and fundamental arguments, investors can take short position in C&J Energy Services. The target price is fixed on the USD 4.36 support. A stop losss order could be placed at the USD 5.7.