Stock Chart Analysis SPN

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN is another Stock I highlighted recently that has held up well the past few days. SPN emerged relatively unscathed with the recent weakness in oil and oil stocks. It remains in the triangle and could be bouncing off the lower trend line. Break out traders may wish to wait for it to clear the triangle, but the risk / reward ratio is better down here.


Good Trading,


Joey

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