My 'Low-Frequency' Trading Candidates

Had it with high-frequency trading and momentum-induced market gyrations? Let's look at some "low-frequency" trading candidates using the weekly charts.

The weekly chart of the Alerian MLP (AMLP) exchange-traded fund has been trading in a rising triangle pattern for the past year. It is very similar to the consolidation in 2012, which saw a breakout later that year, followed by a nearly 13% rally. Technical conditions are also similar, with the relative strength index above its centerline and 21-period average, moving average convergence/divergence above a downtrend line after making a bullish crossover, and positive money flow. The ETF offers a 6% dividend yield and is a good risk/reward play at its current level. The recent triangle uptrend line being reinforced by the 200-day moving average should offer solid support....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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