NASDAQ:EVEP Buy limit: $1.60, Stop: $1.48, Target: $2.26 or $41%
(FD: Holding units in IRA.)
Concerned about why the unit price hasn't reflected the bull case, but upside is great if this upstream MLP moves higher into March 1st earnings call. Continued drift to $1.85-1.90 through February is bearish for this PT.
Or will it break and test $1.70? Phantom Unit dilution is offsetting fundamental improvement. Which will carry more weight as earnings approaches?
The pattern looks awesome if we can break the consolidation area...could go to 3 easly
I ll try a Long 0.68 Debt/EQ
Was today the bottom?
Daily over hourly chart for perspective