Stuck in a pennant with you

5 thg 5, 2015

APC reported earnings and every headline I saw read "missed by" whatever number. Looks weak so far but still stuck in a pennant formation on the daily chart.

I have had a AUG 95 Call for over a month. Up a dollar and change I might sell on strength at another test of the 4/20 candle wick high 95.94 and today's 95.75 high. A daily close below the ascending bottom on the pennant. This capital can be moved to something better out there.