NYSE:MMP   Magellan Midstream Partners L.P. Limited Partnership
NYSE:MMP

MMP is a major midstream with the biggest refined products pipeline in the US.
It is part of my dividend portfolio with over 7% yield and low leverage relative to the sector.
For the past month or so, I had been reducing my stake as the share price had been trending down since the June high.
However my indicators suggest that price momentum has reversed and so long as this holds, I will again start to accumulate
Trade active: Price moving sideways,
Not ideal but could be worse
Trade active: Long position maintained
Trade active: Sp moving sideways. No reason to exit yet.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.