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February 7, 2013
10:47 EDTPTENCorrection: Patterson-UTI Energy gaps up after results, levels to watch
The company reported earnings of 40 cents for its Q4 versus expectations of $29 cents. Shares are currently up over 7.4% at time of writing, off the highs of the session. At the current price of $22.36, resistance is at $23.26, the session high. Support is at $22.14, a prior pivot high from January 2012. NOTE: A prior story in the same form above indicated February 2012 as the pivot high date, thanks to subscriber who caught the error.
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