Long
$BPT breaking out of a one month base!
* 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 day avg.
Trade Idea:
* You can enter at yesterdays closing price as it's close to the broken resistance.
* If you're looking for a better entry you might be able to catch a bid around the $17 area
* Target for the trade is a historical level of resistance around the $19.2 area
* 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 day avg.
Trade Idea:
* You can enter at yesterdays closing price as it's close to the broken resistance.
* If you're looking for a better entry you might be able to catch a bid around the $17 area
* Target for the trade is a historical level of resistance around the $19.2 area
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.
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.