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Gold/Mining/Energy : CPE: Callon Petroleum Company

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To: Hawkmoon who wrote (15)2/7/2011 1:58:26 PM
From: Hawkmoon   of 31
 
Well.. barely got out of that trade at above $9/share this morning. Saw the opening and told myself CPE was instore for consolidation.

Looking for re-entry price, and this could be it, or it could be a bit lower. I figure it needs to bounce a couple of times around $8/share.. but it could go back and retest $7/share.

But the uptrend on the chart remains intact for now, and sometime this year it's likely to see that $12-14 band or resistance.

bigcharts.marketwatch.com

bigcharts.marketwatch.com

Hawk
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