UPL (Ultra Petroleum) Stock Chart

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This stock chart does not look to bad. It has had a very poor past year performance but I think that it may be a decent time to get it.  Support is very important here thought as you can see when the support broke in April the stock went down about 20%. I think the likeliness this stock hitting $22.50 in the short term is pretty good. The P.E is pretty low when doing a Direct Competitor Comparison. I think this stock is pretty safe here. Just remember to watch that support line.