Western Refining Log
WNRL
Delayed Nyse - 05/26 10:02:02 pm
25.45USD
-0.2%

Will there be an exit from the trading range on the downside?

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Jordan Dufee
 

Strategy published on : 04/19/2017 | 14:31

short sell under condition
Conditional Order Terminated

Entry price : 24.55$
Target : 22.1$
Stop-loss : 25.45$
Cancellation Level : 25.5$
Potential : 9.98%

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.

Zonebourse.com 2017
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