OBE long term price target on changed fundamentalsstock was trading on 15 P/E multiple just right before quarterly report ( was about $5.85 with expected $0.36 qrt earnings expectations )
recent quarterly surprise of $5 puts that stock in $90's range with that P/E assumption, that is a huge change in valuation.
OBE trade ideas
royal rumblePossible MacD interaction
Mad Volume
Long Time frame Cup & Handle
Weekly 50EMA & 200EMA Cross (Golden Cross)
Oil is Bullish
Company is unhedged to Oil Prices (Is Risky but can also reap inverse rewards)
However, be aware that the stock has ran up an significant amount and also that market downturns can deteriorate, delay or invalidate the move.