2018-03-20
Viper Energy Partners Lp (VNOM)
I have been watching this one for a few weeks. This was featured in IBD Weekly Vol. 34 N.O. 39 Week of January 1, 2018 and it was at $22.33. It then went to a high of $25.27 on Jan 24, 2018
I had missed this opportunity, because I was at the current limit for my risk tolerance at the time. It then sold off and is currently $22.60. Most of the selling pressure appears to be done
I placed a buy order tonight as a limit order for 100 shares at today’s close. This will need to have a tight stop loss at 5% or $21.48. On the upside I believe that this could rise to $25 before reaching resistance or about 10% gain. If it clears $25 resistance I will be placing another buy order for 100 shares.
IBD Rankings
Composite Rating 95
EPS Rating 99
RS Rating 85
Group RS Rating B-
SMR Rating A
Acc/Dis Rating
VNOM is ranked 1st in group
ROE 15.3%
Debt 10%
Sector: Energy
Industry Group Oil&Gas- US Expl&Prod
Earningswhisper.com has the earnings date as May 8th
Now for some charts
2018-03-26
This has been acting well and it looks like it’s clearing overhead resistence
