WhisperfromWallStreet Alert SXLP
Hello All, My alert from last night was up just under 9% at one point today.
Keep your eye on this one. I think there is strong upside ahead.
Always use stop loss orders to protect yourself and book profits when in a position to do so.
I have a new alert for you. This stock had a break out day in both price and volume today and it looks like it should continue.
My new alert is Signature Exploration and Production Corp. The symbol is SXLP and it closed today at $1.10.
Please begin your research here www.signatureexploration.com and here http://finance.yahoo.com/qs=SXLP.OB.
SXLP is an independent energy company that engages in the exploration, development, exploitation, and acquisition of on-shore oil and natural gas properties in conventional producing areas with a focus along the gulf coast of Texas.
SXLP was founded in 2001 and is based in Houston, Texas.
The price of oil is back on the rise at almost 82 dollars.
SXLP has four projects in Texas.
Koliba Prospect Kenedy Prospect Nettie Rhodes Prospect Welder Prospect SXLP acquired a lease of 1,320 acres in Catron County, New Mexico.
SXLP has a letter agreement to acquire a 25% working interest in ten off set wells located Fayette and Macon Counties, Illinois.
SXLP had two news releases today sending the stock higher on heavy volume.
Here are the headlines and links to the news.
Signature Exploration and Production Corp. to Form Joint Venture with EnerJex Resources –Signs Letter of Intent to Acquire Multi-Well, Oil-Producing Lease in Kansas http://finance.yahoo.com/news/Signature-Exploration-and-prnews-3446273375.htmlx=0&.v=1 Grass Roots / Cohen Independent Research Issues Report on Signature Exploration and Production Corp. and Sets $2.35 One-Year Price Target.
http://finance.yahoo.com/news/Grass-Roots-Cohen-Independent-prnews-3916734346.htmlx=0&.v=1 If you look at the SXLP chart you will see it has traded in a very narrow range for the last 5 weeks. It has had very strong support at $1 dollar and resistance at 1.15.
SXLP volume for the last month has been pretty light only trading about 10,000 shares a day.
Today with all the news SXLP traded over 250,000 shares and finally broke above the $1.15 resistance area.
SXLP is above the 10,20, and 50 day moving averages now. This is a bullish sign.
Todays heavy volume is a bullish sign.
SXLP made a run earlier this year from 70 cents to $1.95 so we know this stock likes to run.
With the news out today SXLP looks like it may be ready to make another one.
Get ready to book some profits with SXLP.
As always do your own research, use stop loss orders to protect your capital, and always book profits when in a position to do so.
Good Investing.
MarkIf you do not trade with a broker that allows stops GET ONE.
ChoiceTrades does allow stops and they only charge $5 commissions on OTC stocks. Open an account by following this link.
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