Could BP Prudhoe Bay Royalty Trust (BPT) Recover After Forming a Head & Shoulders Chart Pattern?

June 19, 2017 - By Hazel Jackson

The stock of BP Prudhoe Bay Royalty Trust (BPT) formed H&S with $19.97 target or 4.00 % below today’s $20.80 share price. The 5 months Head & Shoulders indicates high risk for the $454.96M company. It was reported on Jun, 19 by If the $19.97 price target is reached, the company will be worth $18.20 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.24% or $0.05 on June 16, reaching $20.8. About shares traded. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has risen 46.88% since June 19, 2016 and is uptrending. It has outperformed by 30.18% the S&P500.

More notable recent BP Prudhoe Bay Royalty Trust (NYSE:BPT) news were published by: which released: “BP Prudhoe Bay Royalty Trust Drops 17%” on February 24, 2017, also with their article: “The Worst Mistake BP Prudhoe Bay Royalty Trust Investors Can Make Right Now” published on May 03, 2016, published: “It Is Time To Sell Or Short BP Prudhoe Bay Royalty Trust” on February 23, 2017. More interesting news about BP Prudhoe Bay Royalty Trust (NYSE:BPT) were released by: and their article: “BP Prudhoe Bay Royalty Trust (BPT) Ex-Dividend Date Scheduled for April 11, 2017” published on April 10, 2017 as well as‘s news article titled: “BP Prudhoe Bay Royalty Trust – A High-Yield Trap” with publication date: April 12, 2017.

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