Inter Pipeline Fund continues to support a hold
In retrospect the call to hold the units on February 22, 2013 was correct.
In retrospect the call to hold the units on February 22, 2013 was correct.
MCR has been generous but trees don’t grow to the sky.
The MACD and RSI seem to be turning higher as the shares move out of an extremely oversold situation. You could catch a ride but you have to focus on risk management.
What is evident at this point is that there is resistance that has formed at $23.50.
The move up from the 52-week low seems to be in response to a severely oversold position as opposed to real enthusiasm for the growth prospects for the company.
Currently the MACD appears to be about to cross below the signal line.
I would suggest that you would be best served taking a profit and looking for an entry point at the lower end of the range.