LPN : Consider entry at 8.8-8.9
March 6, 2011 Leave a comment
We suspect LPN will rebound to 10 or so, but for the next few days there is certainly risk of 8.80-8.90, and at such rates it’s worth a punt. A stop at 8.50-8.55 seems appropriate.
The stock does however have very tough resistance from its closing price at 9.20 to 9.40, so the preference is certainly to buy on a brief dip due to market jitters re high oil prices etc.