Back on July 21st, I wrote the following in a Weekly Strategy Session:
…I would be remiss not to point out that with investors still searching for yield, some of the Trusts in the energy sector could easily start to pick up steam. San Juan Basin Royalty Trust has a solid yield and, as you can see on the daily chart, is sporting an impressive technical breakout pattern from a tight base.
As you can see, below, on the updated daily chart, SJT remains a strong yield candidate. Note last week’s uptick in buy volume as price continues to methodically move higher. It looks to me like $17.40 is the next hurdle to clear.
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