14.05.2014 - Energy transfer is near the strong resistance

The price of company Energy transfer has broken the resistance level at 48.60 and reached the psychological mark of $ 50.00 per share. Besides, now the price is trading near the upper boundary of the rising channel, and we expect the share price to decline within the correction to 48.60 and the bottom of the channel, after which growth can resume. We recommend opening short positions with a stop above 50.30. We also expect continued growth of the share price in the long term.

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