An inverse head and shoulders would be confirmed if we break through the neckline at 27.50 with volume. If so, PT would be 30 to 31 depending on volume levels. Short term catalysts: Hilton IPO, closing of two stock sales, bid for Devon finalizes, etc.
Looking back at my technical call made on Nov. 22nd (with the inverse H&S confirmed on Nov 27th), the stock is up nearly 9% with room to go. I still see $31 maybe $32 EOY. Then, I am hoping for $31.50 to $32 in late December or early January and then a pullback to $28 range after that. This is where i will buy some 2015 LEAPS calls as they will like be able to monetize the Hilton IPO in 2015.
In case anyone is interested, Trader's Expo in Las Vegas is going on right now. You can view the sessions for free online. I have been listening to them today while trading at my computer. There is one session coming up at 2:45PM PST about finding better entry and exit points. Another at 4:00PM PST about spotting short term market turns. And another one at 5:30PM PST about advanced Fibonacci Time and Price analysis. They should be interesting. At least they are for free.