STON seems a very nice fallen angel setup with strong surge in Twiggs money flow. We think it has good potential to rise to $9 area.
Date First Found- October 23, 2017
Pattern/Why- Fallen angel, breakout trade
Entry Target Criteria- Break of $6.73 (hit October 26, 2017)
Exit Target Criteria- 1st Target $6.87 (hit October 27, 2017), 2nd Target $8.87
I was researching STON for a longer term ownership and partnership payout with a healthy yield.
Yes, it is an LP so it has all the pass through profit and tax implications along with dilution for new issues.
However, if there are a LOT of Baby Boomers and it could be a serious high cash yielder in a dividend portfolio.
If you're EW savvy, I believe there's an...