NASDAQ:LGCY   LEGACY RESERVES INC
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Over the last 8 trading days, Oil has dropped from $44 to $40. Meanwhile, LGCY has simply held in consolidation.

Today Oil might be putting in a DCL and LGCY seems to be breaking above its 10 & 20 SMA .

Buying here @ 1.77 with a stop @ 1.62, or about 10%. Overall risk is < 1%.

I made a LOT of money in LGCY earlier this year, and then gave back a good chunk of it. It was a fun ride. A good reminder to sell when it gets high.
Trade closed: stop reached: This didn't work out. For whatever reason, Oil has rallied and LGCY hasn't followed. Other Oil positions have more than made up for this miss.
I am glad I have found analysis for these stocks. I am holding these now. I have bought them almost for the exact same price as you. Analysts say target is 2.55. Are you holding them ?
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Perhaps LGCY has held up because natural gas has held up. In any case, natural gas looks bullish as well.

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For reference, here is the Oil chart today

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