Today on Barchart.com, a leading market data distributor founded in 1934, Longwei Petroleum Investment Holdings (NYSE Amex: LPH) registered a buy rating across 13 of 13 technical indicators used by the site. These indicators provide insight into the short-, medium-, and long-term prospects for equities and commodities.
On January 31, Cross Border Resources (OTCQX: XBOR), another small-cap RedChip client, triggered 12 of 13 indicators on Barchart.com. When we alerted readers that same day, XBOR closed at $1.85. It proceeded to surge 48.6% to a high of $2.75 just nine trading days later.
LPH, which broke out to a new six-month high today, is an energy company that engages in the storage and distribution of finished petroleum products in the People’s Republic of China (“PRC”). The Company’s oil and gas operations consist of transporting, storage and selling finished petroleum products, entirely in the PRC.
The Company is forecasting 20% year-over-year revenue growth and expects to reach $576 million in sales with adjusted net income of $78 million for fiscal 2012. As of its most recently reported quarter, LPH had a tangible book value of $3.00 per share – more than 70% higher than its current share price.
With Barchart.com’s short-, medium- and long-term technical indicators now 100% to the buy side, LPH represents an attractive opportunity for fast-acting investors. This could be the beginning of the move to the $5.56 price target our analysts put on the stock in late January.
Disclosure: The subject security is a client of RedChip Companies, Inc. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. For full financial disclosures for all RedChip clients, please visit http://www.redchip.com/disclosures.asp?src=rcv.