In previous posts I indicated I wanted to hold on to KMP for a few months, but it has gotten to such ridiculously overbought levels, I have to sell and buy back upon a consolidation.
Make no mistake, I am thoroughly annoyed by this.
Below is the chart. When the Slow STO reaches such extremes, the probability favors a decline or prolonged consolidation time.
BUT, and I stress BUT... this is the trader in me talking. I am still a fan of Nat. Gas, and think it will settle around 4-5 by year end. KMP will benefit. So they will be fine if anyone plans on holding for the dividend over the next few months.