LPN Development (LPN)

Although there are some in the market calling for a rebound in LPN, we have our doubts for the time being. Currently at 8.45, if it starts to print 9+ on the ticker, then we’ll get excited, but for the near term, another dip to 8.20 or so, if not the Jan 12th low at 7.95 seems at least as likely. We should also note that institutional buying is not strong yet, so if you are looking to re-enter, do so from weakness – at the 7.90-8.20 range

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: