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Ultra Petroleum Corp. Message Board

  • stockineer stockineer May 19, 2013 6:23 PM Flag


    I've owned UPL on and off for a few years as it's been a rather excellent trading stock. I wanted to give you guys the heads up that UPL has confirmed an inverse head and shoulders pattern...for those of you not into technicals...this is a very good thing. The breakout was $22. The next price goal predicted by the pattern is $24.34...there's also resistance at $24.50 giving this a pretty good short term target. With natural gas being the big sector leader on Friday it gives even further confidence to this move.

    I've posted the chart and setup discussion on Stockineer, but I wanted to give you guys the heads up here. It's about time this stock starts heading in the right direction! Good luck.

0.31220.0000(0.00%)Apr 29 4:02 PMEDT