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Stocks Gapping Up On No Known News

|Includes: Teekay LNG Partners L.P. (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 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.