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Enterprise Products Partners LP – Charting Zacks Elite Stocks

Source: http://www.zacks.com/commentary/10702/Enterprise+Products+Partners+LP+-+Charting+Zacks+Elite+Stocks
Posted on Friday, April 24th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Michael Vodicka (http://www.zacks.com/) -

Enterprise Products Partners LP (EPD) is pressuring a short-term level of resistance just short of the $23 mark after rebounding from a March low above $17. Shares of EPD turned higher with the overall market in early March and have been steadily progressing since. The MACD indicator is bullish as well, with the short-term moving average remaining ahead of the long-term moving average. Take a look below.

Open Text Corp. (OTEX) has also been on quite a rally of late, climbing from just above $22 in late October to a recent high just shy of $37, where some resistance has developed. A very steady trend that is still very much in play has been supporting this stock during its ascent. Take a look at the chart below.

Zacks Investment Research

Last 5 posts by Michael Vodicka





About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys.

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