Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Laredo Petroleum Holdings Inc (LPI) Showing Support Near $11.35

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

After Sep 12, 2017aEUR(TM)s trading in Laredo Petroleum Holdings Inc (<a href="http://www.marketintelligencecenter.com/symbol/LPI">LPI</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 12.24% or 20.40% (for comparison purposes only), while providing 19.67% downside protection. The trade is a Apr 20, 2018 covered call at the $11 level for a net debit of about $9.79. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $11.35 and $12.85, respectively.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 50.66
Nat Gas 2.945
Corn 353 4/8
Cotton #2 68.46
Gold 1300.5
Copper 2.9535
Euro 1.20015
USD Index 91.967
SP500 E-mini 2499.75
DJIA E-mini 22299
close_icon
open_icon