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Laredo Petroleum Holdings Inc. (LPI) Bullish Trend

With the Stochastic approaching the oversold levels, and the price reaching an overlap with the 200 day moving average, I am bullish on LPI. There is a short-term downward channel within a long-term upward channel, and this touching of the 200 day MA brings about a bullish upward trend. I believe that the price will approach the 27's and then will make a strong move up from there.
ReesT
Bullish PatternsLPIMoving Average Convergence / Divergence (MACD)Stochastic Oscillator
ReesT

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