QEP 120 minute Feb 13th

QEP 120 minute Feb 13th

QEP (QEP Resources) has hit the sole profit target zone (22.50-22.85) for about a 19% gain from entry exactly one month ago today. With QEP trading as high as 22.75 so far today (just shy of the upper-end of the zone), consider booking full profits as QEP will now be moved to the Completed Trades category.

QEP, along with all the other energy stocks mentioned on Jan 13th, still has the potential to morph into a much longer-term trade/investment so if you plan to hold out for additional gains, at least consider raising stops to protect profits.