Update : CPE March 18

Buying CPE @ $6.60 has paid off rather nicely . The CPE update here http://www.chartfreak.com/2014/03/13/cpe/#more-95  showed that the set up was still bullish as it then traded near $8.00. Yesterday & Today it traded around $9…whats next…

 

The set up is still very bullish for long term holders I.M.H.O.. It is a ‘buy and hold’ for some, but for those who would wonder where to take some profits??  This would be a good place . CPE is trading on very light volume today, and I expect that buyers are getting tired, I would recommend those looking for profits to possibly book  some here,  and re-buy on a pullback.  At least the 10 SMA which is currently $1 lower.