LPI stock: resistance to become support on earnings Long

Description

⋅ May 8, 2014 4:17 PM

Laredo Petroleum today's earnings data:
- Q1 EPS of $0.49 beats by $0.35.
- Revenue of 173.3M (+5.9% Y/Y) beats by 0.67M.

seekingalpha.com/news/1734993-laredo-petroleum-beats-by-0_35-beats-on-revenue

That's a likely favorable risk/reward trade. For long positions, I'll pinpoint my entry using the 5 or 15-minute chart.