A breakout after a consolidation pattern style Mark Minervini.
Contextual immersion trading strategy idea. Capital Product Partners is a shipping company, which provides marine transportation services in Greece. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $9,57; stop-loss —...
CPLP - Capital Product This is one of my long term dividend holdings that I picked up on Friday (4,000 shares). It pays a 15% annual dividend with a solid and mostly stable chart. Biggest reason for my entry is this fantastic hold above 2 dollars. My true test is a move above $2.40 and that next wedge resistance, but I'm willing to risk the entry early. My...
Description in the chart. Good Luck.
Business Description Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals such as ethanol as well as dry cargo and containerized goods. Its fleet consists of vessels,...
CPLP, Bullish Butterfly, 100% upside potential. Of course, safer to wait for some strong bullish price action before taking the trade.
After trading in a long term basing pattern since 2009, it appears as if CPLP may be pushing through long term overhead. Consider the up channel as a guide for the coming future as long as the bulls can maintain control. Breaking below the current long term up channel could signal a sign of weakness, but that may not develop until the highs around $11 to $12 are...