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


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