Viper Energy Partners Lp
VNOM
2018-07-03
I sold today and got filled at $32.90. It wasn’t at my 20% target wasn’t hit, but I didn’t like the chart. It had a steady climb on light volume and I wanted to lighten up. Oil is close to $75 a barrel and has given the stock a reason to rise. I don’t have a firm conviction in the uptrend and figured this was a good time to sell. I am currently looking for another opportunity
Stockcharts.com 3 Month Daily
2018-06-25
This had appeared again in this week’s IBD50 Vol 35 N.O. 12. I bought this again this morning. See the post VNOM 2018-03-20
What had caught my attention is the cross over of the 8 Day EMA over the 65 Day EMA. Also MACDH looked like it is crossing over the zero line
Cost Basis: $29.38
-5% Stop: $27.91
+20% Target: $35.26
IBD Rankings today
Composite Rating: 99
EPS Rating: 98
RS Rating: 94
Group RS Rating: A
SMR Rating: A
Acc/Dis Rating: C+
ROE: 15.7
Debt: 10%
Outstanding Shares: 113.9m
Here is the 3 Month Daily Chart from StockCharts.com
