ATP Oil & Gas Earnings Fall Short But Looks Good Long – ATPG

The last time I recommended ATP Oil & Gas (ATPG) it jumped over 50% in just a couple weeks, so lets see what we can do this time around.

While recent earnings fell short, long-term growth for this stock is expected to outperform industry competitors… oh yeah and the chart doesn’t look too bad either.

Based on the current setup with RSI and MACD looking to curve higher, as long as the stock stays above the 50 day moving average watch out. The current trading zone is between $18-21.