MACRO VIEW: KKR BREAKOUT (LONG ENTRY)
After trading laterally for the most of 2015 KKR is on the move again. Great opportunity to buy this stock for long term appreciation with little downside risk.
Price has broken out from its 1st standard deviation from quarterly (66-day mean) on 13th of July and passed an uptrend test on 20th of July 2015.
Thus on technical basis there is a clear upside risk with volatility expanding (measured by 3.2 st deviations from quarterly mean - light blue rays on the chart) - so traders can pick up long positions at pullbacks to the 1st standard deviation from 66-day mean (now at 23.7) with stops at the 66 day mean itself (23.15)
Fundamentally speaking, the company is very strong, as it holds a diversified portfolio of business (mostly private equity) and performs top-tier management of the holdings. KKR (dubbed "Barbarians at the Gate") is known for having a great business track record for over 30 years in private equity, although their stock was offered to the general public only in 2010 - and it doubled in price since then!
Read more about their holdings here: kkr.com/kkr-portfolio?page=Private_Equity. The book (Barbarians at the Gate) is a very recommended read for any market professional!
Price has broken out from its 1st standard deviation from quarterly (66-day mean) on 13th of July and passed an uptrend test on 20th of July 2015.
Thus on technical basis there is a clear upside risk with volatility expanding (measured by 3.2 st deviations from quarterly mean - light blue rays on the chart) - so traders can pick up long positions at pullbacks to the 1st standard deviation from 66-day mean (now at 23.7) with stops at the 66 day mean itself (23.15)
Fundamentally speaking, the company is very strong, as it holds a diversified portfolio of business (mostly private equity) and performs top-tier management of the holdings. KKR (dubbed "Barbarians at the Gate") is known for having a great business track record for over 30 years in private equity, although their stock was offered to the general public only in 2010 - and it doubled in price since then!
Read more about their holdings here: kkr.com/kkr-portfolio?page=Private_Equity. The book (Barbarians at the Gate) is a very recommended read for any market professional!
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