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Laredo Petroleum Holdings Inc (LPI) Trading Near $11.37 Resistance Level

Nov 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Laredo Petroleum Holdings Inc (<a href="http://www.marketintelligencecenter.com/symbol/LPI">LPI</a>) could yield about 9.89% (22.01% annualized, for comparison purposes only) in 164 days. Pair a long position in the stock with the Apr 20, 2018 $10 call for a net debit of about $9.09. This position also has 17.27% downside protection. Laredo Petroleum Holdings Inc closed at $11 Nov 6, 2017. Technical indicators for LPI are bearish and support and resistance have been about $10.32 and $11.37, respectively.A

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