Stock Chart Analysis SPN
Superior Energy Services, Inc. (Public, NYSE:SPN)
SPN has been trading sideways after breaking out of a multi year base. Usually these triangle like patterns end up resolving as continuation patterns which would predict a breakout. While I've been suspect of the oil sector short term, SPN looks like a pretty good candidate if the strength continues.
Good Trading,
Joey
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I'm a big fan of SPN and have been noticing the sideways trend too. It has a good trend going with earnings. They are due out again week after next, and I sure hope that helps give it some momentum again.
IIO,
Thanks for the heads up. It may get a nice pre earnings run which is one reason I have it on the watchlist. Good Luck if you trade it,
Joey