Reversal Trade IdeaNASDAQ:EVEP Buy limit: $1.60, Stop: $1.48, Target: $2.26 or $41%
(FD: Holding units in IRA.)
EVEP
Head/Shoulders Bottom, PT $3.40Concerned about why the unit price hasn't reflected the bull case, but upside is great if this upstream MLP moves higher into March 1st earnings call. Continued drift to $1.85-1.90 through February is bearish for this PT.
Hammer in the Falling Wedge that Finally Sends EVEP Higher?Or will it break and test $1.70? Phantom Unit dilution is offsetting fundamental improvement. Which will carry more weight as earnings approaches?
