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ENLK Stopped Out

ENLK (EnLink Midstream Partners LP) closed a mere 2 cents below the suggested stop of a weekly close below 12.01, providing a 6.7% loss* on the trade for those that were holding out for T3 on all shares. As such, this Growth & Income trade will now be moved to the Completed Trades category but will remain on my radar for another possible long entry. The loss was calculated using the adjusted cost basis for this trade. *ENLK had hit both T1 & T2 very shortly after the December 15th entry for a 20% profit in just 5 trading sessions before [...]

2017-03-08T21:20:02+00:00Feb 1, 2016 8:38am|Categories: Completed Trades - Long, Growth & Income Trades- Completed|Tags: |Comments Off on ENLK Stopped Out

ENLK 2nd Price Target Hit, More Upside Likely

ENLK (EnLink Midstream Partners LP) was added as an Active Growth & Income Trade idea on December 15th, immediately moving sharply higher to hit the first target, T1 at 14.83, for a 12% gain 4 trading sessions later and going on to hit T2 (15.87) for a 20% gain the following day (Dec 23rd). From there, the stock continued to rise, without a single down day since entry, finally falling shy of the final target after two failed attempts to close above the first downtrend line (resistance) that was pointed out on the original chart. I had mentioned EnLink [...]

2017-03-08T21:20:03+00:00Jan 24, 2016 3:32pm|Categories: Completed Trades - Long, Growth & Income Trades- Completed|Tags: |Comments Off on ENLK 2nd Price Target Hit, More Upside Likely

ENLK Growth & Income Trade Idea

ELNK (EnLink Midstream Partners LP) offers an objective entry here with a stop on a weekly close below the recent low of 12.01 (or higher, if only targeting T1 or T2) & a final price target of 18.97. ENLK is a growth & income (dividend) trade idea currently yielding 11.58%. Following the recent divergent low, the stock kissed the 14.85 resistance level last week on a sharp rally that was induced by an CNBC interview with the CEO. From a fundamental perspective, in this recent interview, the CEO stated that the dividend is secure & that “…that 95% of [...]

2015-12-15T09:54:24+00:00Dec 15, 2015 9:54am|Categories: Completed Trades - Long, Growth & Income Trades- Completed|Tags: |Comments Off on ENLK Growth & Income Trade Idea