Energy Transfer Partners LP : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|
$50.03 |
$0 |
$48.54 |
-100% |
---|
Energy Transfer Partners could reach its USD 54 trend line.
The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an "EV/Sales" ratio estimated at 1.03x by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The target price is the USD 54 trend line. A stop loss will be fixed under the USD 49.8 short term support.
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