BUY! SUPERIOR ENERGY SVCS INC (SPN) NYSE

  Report No. 2389    Analysis by: Harry Aloof     SEPTEMBER 16, 2010

SUPERIOR ENERGY SVCS INC (SPN-NYSE): Technical Viewpoint: From a low of $18.02 on Jul 1, 2010 prices rallied, reaching a high of $24.85 on Aug 5, 2010. A decline saw prices pull back, reaching a low of $20.40 on Aug 25, 2010. Another rally saw prices penetrate resistance, closing 9/15/10 at $26.51. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 21, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $23.92. Resistance: Is at $28.46. Point & Figure: Reversed to the upside on Sep 1, 2010. A P&F upside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! SUPERIOR ENERGY SVCS INC (SPN-NYSE) @ $26.88 Stop: Use a protective stop of $24.88. SUPERIOR ENERGY SVCS INC is currently trading @ $26.51 plus $2.33 on Sep 15, 2010. Price Objective: $35.50. Risk/Reward: $2.00 VS. $8.62. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$35.50 Risk/Reward:
$2.00 VS. $8.62 Risk/Reward Ratio:
4:1
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