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JimVanMeerten (63.05)

Enbridge Energy buy signals

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February 24, 2011 – Comments (0) | RELATED TICKERS: EEP

This morning I placed a buy order for Enbrigde Energy (EEP) in the Barchart Van Meerten New High portfolio for technical factors.

Enbridge Energy Partners, L.P. owns the U.S. portion of the world's longest liquid petroleum pipeline. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, holds an effective 14.5% interest in the Partnership.


Technical Factors:

1 - 96% Barchart technical buy signal

2 - 19 new highs and up 7.83% in the last month

3 - Relative Strength Index 66.13% and rising

4 - Trades around 66.13 with a 50 day moving average of 62.20

Fundamental Factors:

1 - Wall Street brokerages have 3 buy and 8 hold recommendations based on increases in sales, earnings and a 6.80% dividend

2 - Sales are expected to increase by 13.40% this year and 9.80% next year

3- Earnings are expected to increase by 3.80% this year, 5.00% next year and 3.00% annually for the next 5 yearsInvestor

 Sentiment:

1 - On Motley Fool the CAPS members vote 326 to 15 that the stock will beat the market

2 - All Stars agree 134 to 4

3 - Fool notes the last 5 articles on the stock have been positive

Jim Van Meerten is a portfolio advisor to Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com  in his daily blog -- Barchart Portfolio Blogs.


Through Marketocracy Capital Management  you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

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