Kinder Morgan: technical stalemate, earnings July 22
Kinder Morgan edges up 0.6% but stays boxed in ahead of earnings
Kinder Morgan: technical stalemate, earnings July 22
Our view last week
As last week, Kinder Morgan shares stay boxed into a very tight range, between the 32.08 area and the 32.15 area, after the 5% bounce off late June's double bottom. Sellers still hold the volume edge (59%), but money flow keeps fading. The short is, for now, slightly underwater, at 1.4%.
This week's summary
Kinder Morgan's weekly technical analysis shows a still-boxed picture: the stock remains stuck in a very tight range just above the 32.2 area, the same range as last week, after June's double bottom in the 31 area and the 4% bounce. Money flow has turned slightly positive again and sellers are losing a bit of their edge, but neither side can push through. A new element now enters the picture: earnings land on July 22, this very week.
IQS Phase
61
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#128 / 140
US stocks
Trade P&L %
-1.96%
from signal to today
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