I have brought up some of my favorite MLPS to both buy and hold and ones that can be swing traded (if one is inclined to do so).
Plains All American formed a double top near 48 and now has sold down to a double bottom at 42. (unit sale at 42.25 last week) Today's small spike may be the beginning of another run up to the top of the range.
Crosstex has been in a orderly correction from its spike high at 46. A nice bottom has formed and this one looks ripe for a rally at least to the old high or perhaps new highs before years end.
Atlas Pipeline has been one of the more outstanding performers in the last 2 years and it looks to me like we're on the verge of a breakout above 50 for a run to 55-60 in the next 6-9 months.
Buckeye is one of the ones i am leaning to an upside breakout but i'm not completely sold on it. We need a solid close above 50. Since the group is bullish this one should be pulled along for the ride.
Martin Midstream often trades by appointment only so trading swings are a little more difficult to judge. Recent buyout of a gas company gives this one some distribution upside for next year. The thinness of the trade means it could move up very quickly and then just lay around and do nothing for awhile. Chart says another up move is in order and a breakout close above 35 on volume would mean upper 30s-40 might not be out of the question.
When i can i'll look at some of the laggards. And in the interest of disclosure i am long all these stocks. I am also holding additional shares of Crosstex and Martin which i am swing trading....just in the interest of disclosure and as always no guarantees!!! Do your due-diligence and trade at your own risk!
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