It is important to note that during the entire month from May...

It is important to note that during the entire month from May high of 70 $ to its fall to 50 $ in July, the price of oil was around the high 140s.

However, the WPL price was going down because the stock price is already factored in with whatever oil contract price WPL has entered into its contracts.

Also sector rotation into financials made the stock lose its value.

However, at 49.50, the support came in a huge manner and this would not go down below this value. Though oil trend is down for the short term, WPL would go north and in the medium term $ 75 can be easily expected.

I am not a financial advisor

Sara