Kinder Morgan (KMI) – Bullish DailyPlay for Friday Jan 4th, 2019
The bullish DailyPlay we chose for Friday, January 4th is Kinder Morgan (KMI). KMI is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 12.42% move lower and its 1m and 6m trend have turned bearish on 10/11 but has recently started to print higher highs.
Kinder Morgan’s 1m and 6m trends turned bearish on 12/4 but have recently started to form higher highs and higher lows. With a technical score of 7 (out of 10), KMI is a strong stock that will likely continue higher.
As a stop loss, if KMI was to trade below $15 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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