I am eager to buy this stock because of its strong financials, its strong dividend, exemplary stewardship, and its current valuation, which is significanlty less than its fair value estimate (~$21/share current, compared to ~$29/share est. fair val.).
However, due to its recent price increase I am not confident to buy this stock now because I have a gut feeling...
Stock is setting up nicely to re-test June highs after the Covid crash. Above 18.9 and we should see 20+. Daily chart shows price has driven through the red clouds and is beginning to build green cloud support on the right as price rises. Weekly will suck the price up through this red cloud - But be careful resistance will be near the top as they try to create...
Not sure if this is the EPD that you are in....
If so, it's in a strong downtrend and with a weak pullback. I would not be in until it established an uptrend on the daily by spending a week above $26.67
Did not dive too deep into the graph of this one but they seem to have a predictable pattern with very minimal growth, however, dividends remain strong and growing so I will keep for that. A low chance I will buy more unless it goes under 20.
Since the low around $12 on Mar 18th price has been trading a well defined upward channel.
The bottom of the channel is formed by the 20dMA since Apr 20th.
Price has bounced off the 20dMA (bottom of the channel) 7 times and never closed below it since Apr 20th. Clearly this 20dMA is offering stellar price support.
The 20dMA crossed the 50dMA on May 8th. A...
Next Ex-date is 4/29 paying $0.445 on 5/12
Long 100 shares ~$1,700
Long 18 call Jan_21_2022 exp
Short call each month until Jan_21_2022
Long stock gives 7 dividends (Assuming consistency)
Long call gives leveraged appreciation as well as coverage in case short call is exercised
Miracles happen, but I don't think they will happen with this paper.
I'll be entering the shorts below $16.
And as usual: looking for an entry point with a very short R, as a result I will need a small movement for the RR 3.1/1