Kinder Morgan (KMI) – Oil Hits Rock Bottom – Jan 31st, 2020

Bullish: KMI $21.42 – Energy

IV Rank: 31%

The bullish DailyPlay we chose for Friday, Jan 31st is Kinder Morgan (KMI). KMI is part of the Energy Sector (XLE). XLE has decline 7.60% lower over the past month and its 1m and 6m trend turned bearish on Jan 22th but recently bounced higher off its $54 support level. 

Kinder Morgan’s 1m and 6m trend bullish yesterday while bouncing higher off its $21 support level. With a technical score of 5 (out of 10), KMI is a neutral stock that is starting to turn higher.

As a stop loss, if KMI was to trade below $21 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.

View KMI Trade

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