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FiboTrader1
Jan 15, 2022 4:39 AM

SMLP - Just for fun Long

Summit Midstream Partners, LPNYSE

Description

I stumbled upon this stock during my end of week stock screening and it seemed attractive for two reasons. 1.) SMLP has an incredibly high ratio between its EPS (27.50) and P/E (0.90) and 2.) based on fib retracement it appears that SMLP has found support above it's 1.618 fib retracement. There is a gap up around 196, so if SMLP can continue to report good earnings this may be a stock to keep on your radar for 2022.

Not financial advice
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