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  • Stocks Gapping Up On No Known News 0 comments
    Apr 16, 2012 12:39 PM | about stocks: TGP

    TGP has been trading between up between 3.5 and 4% today. There is no material news to speak of. The last significant news came on Friday before the open that management raised the distribution 7.1%...as expected.

    From a technical standpoint, this is not only an overbought condition, but a failed breakout at major resistance.

    My advice is to short TGP for a trade. It will go ex-dividend on April 19, so readers may want to consider covering before that day.

    Disclosure: I am short TGP.

    Stocks: TGP
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