Crosstex Energy, L.P. is in the now-hot energy complex, offering a 6%-plus dividend.
The daily chart, below, shows an established uptrend in 2013 even as the stock has been basing under $22 resistance since May. The stock has a Beta of 1.38, so it is not exactly the slowest moving natural gas utility out there. Thus, there could be a nice double whammy here of the tremendous dividend plus continued price appreciation into the mid-$20’s.
Watch for that $22 trigger, and I would keep a stop-loss below $20.50.
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