SUPERIOR ENERGY SVCS INC
(SPN-NYSE):
Technical Viewpoint: From a low
of $18.02 on Jul 1, 2010 prices
rallied, reaching a
high of $24.85
on Aug 5, 2010. A
decline saw prices pull back, reaching a
low of
$20.40 on Aug 25, 2010.
Another rally saw prices penetrate
resistance, closing 9/15/10
at $26.51. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 21, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.92. Resistance: Is at $28.46.
Point & Figure: Reversed to the upside on Sep 1, 2010. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! SUPERIOR ENERGY SVCS INC
(SPN-NYSE) @ $26.88 Stop: Use a protective stop of $24.88.
SUPERIOR ENERGY SVCS INC is currently trading @ $26.51 plus $2.33 on Sep 15, 2010. Price Objective:
$35.50. Risk/Reward: $2.00 VS. $8.62. Today's Risk Reward Ratio: 4:1
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