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JimVanMeerten (58.08)

Pipeline profits



July 08, 2010 – Comments (0) | RELATED TICKERS: SXL

On Barchart Portfolio Blogs I bring to your attention stocks you might want to consider for your portfolio.

Sunoco Logistics Partners L.P. (SXL ) is a limited partnership formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities. A major portion of their revenue stream is almost guaranteed by Sunoco itself. At the present time they do not have any natural gas pipelines. Not only do they have some of their own pipelines but they also have equity interests in several other pipeline companies.

Presently this is a technical long term price play with the stock hitting 14 new highs in the last 20 sessions including 4 in the last 5 days. The stock has enjoyed an 11.49% price increase in the last 30 days. Barchart is high on this stock with 12 of its 13 technical indicators signaling a buy for an overall 88% buy signal. The stock is trading above its 20, 50 and 100 day moving average and had a steady price appreciation for several years. The stock trades around 74.19 with a 50 day moving average of 67.70.

Barchart Trend Spotter (tm) also signals a buy with both strong strength and a strongest direction indicators.

Investor confidence is high with CAPS investors on Motley Fool voting 113 to 13 that this stock will beat the market. The more experienced All Star investors confirm with a vote of 42 to 5.

Wall Street brokerages have 5 buy and 6 hold recommendations published and although growth projections in sales and earnings are not spectacular they are looking for positive increases of both sales and growth for at least 5 years.

The stock meets the criteria I look for to add to my portfolio:
1 - 88% Barchart technical buy signal

2 - Positive current price appreciation with new highs in better than 50% of the recent trading sessions

3  - A positive investor following with a consensus that the stock will beat the market

4 -  Wall Street brokerages recommending the stock to their customers based on estimates of increases sales and earnings

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email

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