Momentum Play: Enbridge Inc. (ENB)

October 8th, 2007 • Related • Filed Under




ENB

Yet another long-term breakout play. I circled the two buying signals for the MACD and DMI indicators. The DMI has been very strong over the past four years and has yet to turn negative.

Our recommendation: Buy shares of ENB at or near $38.29. Place your stop loss below major support at $34.

Good Investing…

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