Everyone knows that $XLE has been out performing for the last two years. If you missed the move here's an opportunity at a new comer to the breakout in energy, $AMLP.
This ticker is an ETF that tracks a basket of MLP stocks. It's concentrated at just 17 holdings and its currently boasting a yield of 7.4%. The monthly chart looks a lot like its cohorts in the...
Alerian MLP ETF risks falling to 2021 low
ETF Alerian, after updating the two-year high of $42 per contract as part of a long-term uptrend, began a rapid flight to the $30 support level, breaking through the trend line of the two-year uptrend channel. The current downward dynamics of Alerian's decline puts investors in a stupor, the presence of gaps only confirms...
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Alerian MLP ETF (AMLP)
A symetrical triangle is shown, between 26 and 29 oct 2018. Is a continuation pattern; trend lines are touched by the chart two and three times (see arrows) . At two thirds of the triangle, a breakout ocurred, continuing the previous trend (bearish).
The ALERIAN MLP ETF chart, in a 1D timeframe, has formed a symmetrical triangle. This pattern depends on the break, if the break is in the top line of the triangle (following the green arrow) it is recommended to open a long position, on the other hand, if the break is in the lower line of the triangle (following the red arrow), open a short position.
Shares of the AMLP, which tracks a basket of MLP's (master limited partnerships), has been a stellar holding since mid-April both in terms of price and total return, thanks to its rich 7.8% dividend (at current prices).
This advance has now pulled back to the 61.8% retracement , which is ideal for a continuation of the advance. I've been aggressively buying over...
After see how AMLP plunges, I see how many people say: buy the dip, but be careful isn't safe!
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Q4 Earnings Growth Likely to be Impressive
Among all the 16 Zacks sectors defining the S&P 500 index 0.55% , <$$$energy will likely witness the strongest earnings growth in the fourth quarter$$$>, per our latest Earnings Preview. In other words, energy will likely be the only Zacks sector to report triple-digit earnings growth....
www.barrons.com
More importantly, under the new law, taxable income for MLP investors is now allowed a 20% deduction, which when coupled with a lowered maximum individual tax rate of 37% vs. 39.6% prior results in a tax liability for MLP investors of approximately ~$30 vs.~$40 on $100 of taxable income. In short, we see the new tax regime as a net positive for...
