Life Partners Spikes Into the Closing Bell

Shares of Life Partners LPHI rocketed higher into the close today, ending the session up 10.09%, at $4.80. The stock has been under pressure for the past nine months, but has been making a rounded bottom since the beginning of July. Notably, Life Partners rallied through the $4.50 support level, as well as the 50-day moving average, today. Technically the stock is now free to run with the next major resistance levels at $7.50 and $8.75. Note that Life Partners has 31.58% short interest on only 9.2 million shares. Life Partners Holdings, Inc. is a financial services company and the parent company of Life Partners, Inc. LPI is engaged in the secondary market for life insurance known generally as life settlements. LPI facilitates the sale of life settlements between sellers and purchasers, but does not take possession or control of the policies.