AvenEx Energy Corp. in consolidation mode
Currently the RSI is moving lower and the MACD is not suggesting a buy.
January 13, 2012 | Posted in Energy | Read Article »
Currently the RSI is moving lower and the MACD is not suggesting a buy.
At this point it would be best to wait for the downtrend to reverse before buying.
If management can drive growth the likelyhood of increased distributions to unit holders will contribute to higher prices for the units.
On a pull back I would look for support at $20.50 and below that at $20.00.
With the 5.6% yield and the strong business case I would be a buyer until we see a change in direction