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NGL possible 10-15% flip

NGL ENERGY PARTNERS LP (NYSE:NGL)  
youenvi  
NYSE:NGL   NGL ENERGY PARTNERS LP
Trend Analysis Technical Indicators
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trendanalysis indicator
Things to note:
  • NGL trading below the 50 SMA.. but not too far off
  • NGL MACD possible reversal in trend to bullish
  • RSI is average, neither overbought or oversold

Since NGL closed above the support line of 2.37, I am predicting that it will go up and retest the next support line of 2.65. An investor can take a 10-15% profit here.

Disclosure: Not financial advice.
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