Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: sixty2nds	5/5/2006 8:13:21 AM
	Read Replies (3) of 13449

EP...Intermediate term.... 1/2 position GTC Buy stop entered @ $13.80 stop order to be placed @$ 13.25 which is yesterdays low. Note on MVL I used the entry days low and got whipped out on the Piper downgrade. That should not happen today. I want P to break over the top of the recent highs +/-$13.75 if/when order fills. The daily chart - the 20,50, and 200 XMAs are in bullish alignment. The weekly chart 20XMA > 40XMA. This position has more potential than the MVL trade of yesterday. Money Stream is in + divergence on the weekly, 3,2, and daily Time frames. EP has been in a trading range of +/- $12-14 since Dec '05. There is a high probability of a wild day for EP on the following earnings report 07:23 EP El Paso reports Q1 results (13.49 ) Reports Q1 (Mar) earnings of $0.52 per share, excluding non-recurring items, $0.26 better than the Reuters Estimates consensus of $0.26; revenues rose 40.7% year/year to $1.53 bln vs the $1.30 bln First Call consensus. .20.........In addition the CFO hits TV @9AM. Intermediate term target range $15-19

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