Monday, March 27, 2006
Two more charts for your viewing pleasure...Markwest Energy. In the interests of disclosure here i am long this stock...the top chart is the daily chart and its an excercise in futility...however imho if you look at the weekly chart it is far more constructive....the support at the moving averages is holding...and we could be on the verge of an upside breakout...47 plus on volume would do it for me. Problem with this one is the volume is so thin on some days you go insane between trades. Prospects for distribution increases in the 2nd half of 06 could be the driver. Just more food for thought on a day when the MLP remains mixed...although a few more winners are now on view.
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