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WPZ, Williams Partners LP Yielding 11.6%

|Includes: Williams Partners L.P. (WPZ)

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With our recent posts on oil and currencies in mind, we've gone long Williams Partners LP (NYSE:WPZ) which currently yields 11.6%

Here's a look at the long-term probable support area, blow the red line:

In this chart we see a "declining wedge" pattern, which normally resolves upward.

It'd be safer, on a technical basis, to buy if it closes above $35, but considering the high yield it pays, at least for now, we're happy to buy some and perhaps more if it drops materially.

WPZ closed today at $29.22

Disclosure: I am/we are long WPZ.