About BP Prudhoe Bay Royalty Trust
ISIN
US0556301077
Sector
Miscellaneous
Industry
Investment Trusts/Mutual Funds
Headquarters
Houston
BP Prudhoe Bay Royalty Trust engages in owning and administering the royalty interest. The company was founded on February 28, 1989 and is headquartered in Houston, TX.
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BP Prudhoe Bay Royalty Trust...
BPT has a Bullish Bat within a trading range that kind of looks like an Inverted Head and Shoulders pattern all while Diverging Bullishly on the MACD. It may soon try to break free from the Supply Line above and make it's way to a 0.886 retrace.
I'm reversing on my previous TA thesis with this O&G royalty name, which I said was retesting the neckline of a head and shoulders breakdown. Instead, I now see a falling wedge bouncing off the 100 Daily Moving Average and retesting a demand zone. There is some positive momentum on the Relative Strength Index, leading me to think that the breakout from the wedge...
Expecting price to correct upwards between $13.73 and $16.49 in minor C followed by intermediate (C) in ((2)) to between the 61.8% or the 85.4% trend based fib extension. Invalid below 0.5525 cents.
BPT has had a wonderful run this year, but a fundamental catalyst will result in an abrupt breakdown from the larger Head and Shoulders, triggering with a break underneath the smaller Head and Shoulders at $11.50. That H&S, formed after rejecting from the 125 Exponential Moving Average, is the little pilot for the larger rocket ship pointing downward. As you can...
* Strong recent up trend
* Breaking out of a one month base
* Pays dividends
* Price looks good on all time frames.
Technicals:
* Sector: Energy - Oil & Gas Refining & Marketing
* Relative Strength vs. Sector: 2.07
* Relative Strength vs. SP500: 6.83
* U/D Ratio: 1.25
* Base Depth: 32.41%
* Distance from breakout buy point: 1.92%
* Volume 14.33% above its 15...
BPT is part of a two way trade that I like.
I sold the $2.50 September cash secured leap put. This put transacted at the time value of money. Today that cash secured put premium is 45 cents. This puts the downside risk of selling the cash secured option for September at 192 day. I put the cash into GGN which is an oil and gold GAMCO fund with a 10% current...
Hi there. Price is forming a reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Wait for the price to complete the pattern and watch strong price action for buy.
This is a good stock for the money. It will likely move down to fill-in the price gaps we find on the 4 hour. This stock moves in correlation to the AMEX:SPY ; so diligence suggests waiting for the S&P to start back upwards before making too aggressive of an entry. Net Sales are up and some website said they have a 17% dividend. Thats high. With a $37 target...
This is a pullback and very deep and this reduce the risk to be shocked for a whipsaw some people doubt, but you can wait for some green candlesticks or a swing low, for feel more sure about the idea follow the daily chart like a hawk in the wait of a swing.
www.tradingview.com
Again this idea work for swing trading and position trading too. In this case I...
