Laredo Petroleum Inc (NYSE: LPI)

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the exploration, development, and acquisition of oil and natural gas properties primarily in the Permian region of west Texas. As of December 31, 2013, it had interests in the 202,084 net acres in the Permian Basin, and 50,000 net acres in the Dalhart Basin, Texas Panhandle, as well as had a total proved reserves of 203,615 thousand barrels of oil equivalent.
Take a look at the 1-year chart of Laredo (NYSE: LPI) below with my added notations:

LPI has formed a relatively clear up-channel chart pattern over the last month. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that LPI has several points of channel resistance and support (blue).

The Tale of the Tape: LPI has formed a small up-channel. A long trade could be entered on a pullback down to the channel support, or on a break through the channel resistance, which is currently sitting near $20. Short opportunities would be on rallies up to channel resistance or on a break of channel support.
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