Longwei Petroleum Investment
Longwei Petroleum Investment (LPH) is an energy company engaged in the wholesale distribution of finished petroleum products in the People's Republic of China. This stock is trading up 14.1% to $1.62 in recent trading.
Today's Range: $1.48-$1.7252-Week Range: $0.82-$2.16 Volume: 1.4 million Three-Month Average Volume: 252,777 >>Best Chinese Stocks for 2012 From a technical perspective, LPH is soaring higher today on very heavy volume. This move is quickly pushing LPH within range of triggering a major breakout trade. That breakout trade will trigger once LPH takes out some overhead resistance at $1.73 to $1.88 with high volume. Look for volume on a move over those levels that are near or well above 252,777 shares. If we get that action soon, look for LPH to make a run at $2 to $2.30 in the very near future. Follow @stockpickr