In the past month there has been a steady stream of positive news coming from Laredo Petroleum Inc, cost cutting measures, new Board appointments and improved efficiency have helped build investor confidence. On May 2nd results and earnings were very positive, with higher than expected production for a lower cost. Currently trading at very low P/E 2.13 this...
As a beginner trader (20 days old), I am trying to identify one pattern every day for a year. Hope all can provide me constructive feedback to hone my analysis skills! This is a training for me.
Bullish pattern spotted.
Their is a very strong resistance level and it seems like LPI can't get passed it. I mean the stock tried several times and it didn't work. Now, it's losing momentum and its going to go back in the area of twelve dollars, where i drew the up channel's trendline. What do you guys think ?
Buying at twelve dollars may be a good thing.
With the Stochastic approaching the oversold levels, and the price reaching an overlap with the 200 day moving average, I am bullish on LPI. There is a short-term downward channel within a long-term upward channel, and this touching of the 200 day MA brings about a bullish upward trend. I believe that the price will approach the 27's and then will make a strong...
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.
That's a likely favorable risk/reward trade. For long positions, I'll pinpoint my entry using the 5 or 15-minute chart.