Western Refining Logistics LP : Will there be an exit from the trading range on the downside?
Entry price | Target | Stop-loss | Potential |
---|
$0 |
$22.1 |
$25.45 |
-∞% |
---|
The current accumulation appears fragile. Stocks in Western Refining Logistics LP could see their technical chart pattern deteriorate after the support that is currently being tested breaks down.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● This company will be of major interest to investors in search of a high dividend stock.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
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