Monday, 11 July 2016

KMI - breaking up and away

With the sp'500 breaking a new historic high, there was also notable price action in Kinder Morgan (KMI), which settled +3.5% @ $19.19. Mid term target is $22, with $26 no later than spring 2017.

KMI, daily

KMI, monthly


Suffice to add...  after being stuck for some months.. we have a bullish breakout.

See key stats @

*Yahoo finance are reworking their pages, but still... its a good first place to look.

From a pure price momentum perspetive, at the current rate of incline, the monthly MACD (green bar histogram) cycle will turn positive in Sept/Oct... certainly before year end.