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Life Partners(LPHI) is a specialty financial services company engaged in the secondary market for life insurance known as life settlements. This stock is trading up 1.7% to $2.25 in recent trading.
Today's Range: $2.19-$2.39
52-Week Range: $1.08-$7.49
Three-Month Average Volume: 465,348
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From a technical perspective, LPHI is bouncing modestly higher here right off some near-term support at $2.16 with above-average volume. This move is coming after LPHI recently sold off hard from $4.12 to $2.08.
Traders should now look for long-biased trades in LPHI once it manages to break out above some near-term overhead resistance levels at $2.29 to $2.78 with high volume. At last check, LPHI has hit an intraday high of $2.39 and volume is well above its three-month average action of 465,348 shares.
Traders should look for a sustained move or close above those breakout levels with volume that hits near or above its three-month average action. If that breakout hits soon, then LPHI will setup to re-test or possibly take out its next major overhead resistance levels at $3.25 to $4.12.