Shares of Kinder Morgan are trading at highs, but one expert warns that the positive action could have a negative twist.
div > div.group > p:first-child"> Shares of oil and gas giant Kinder Morgan hit a fresh 52-week high on Wednesday, putting the stock up 30 percent in 2019. But Susquehanna's Stacey Gilbert argues that while the action looks positive, people could be trying to game the rapid rally.
Gilbert, head of derivative strategy at Susquehanna, said she's noticed more buyers picking up $20 strike calls for Kinder Morgan. A strike call is a type of call option that allows an individual to buy shares of a security at a set price until a predetermined expiration date. Bill Baruch, president and founder of Blue Line Futures, was slightly more positive on the prospects for Kinder Morgan's stock, highlighting the"good momentum" being fueled by the 50-day moving average crossing above the 200-day moving average.
"I think it gets there," Baruch said on"Trading Nation.""The real question is can it get out above there? And I think it could, if the broader market agrees. Getting above $24 would bring you to about $28 bucks." It's currently trading at $20 a share.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colin Hanks shares touching story about Luke Perry after his death at 52Colin Hanks shares touching story about Luke Perry after his passing yesterday.
Read more »
Luke Perry, star of 'Beverly Hills, 90210' dead at 52'Beverly Hills 90210' had built a cult in the 1990s and it grew to become a cultural phenomenon among youth. Perry had recently played Fred Andrews, father of main character Archie Andrews, for three seasons on 'Riverdale.'
Read more »
Actor Luke Perry, 52, died in Los Angeles after a massive strokeBREAKING: Actor Luke Perry, known for his iconic roles in 'Riverdale' and '90210,' has passed away following a massive stroke. He was 52.
Read more »
Luke Perry Dead At 52 After Massive Stroke: What You Need To KnowLuke Perry passed away at 52 after a massive stroke raising the question: how young is 'too young' to have a stroke?
Read more »
US B-52 bomber flies near contested islands in South China SeaA US B-52 bomber flew near contested islands in the South China Sea on Monday, according to US Pacific Air Forces, which oversees air operations in the region.
Read more »
Luke Perry, actor who became a teen idol on ‘Beverly Hills, 90210,’ dies at 52Breaking: Actor Luke Perry has died at 52. He became a teenage idol in the 1990s on 'Beverly Hills, 90210' and later appeared on the CW drama 'Riverdale.'
Read more »
Luke Perry, '90210' and 'Riverdale' star, dies at 52Luke Perry, who was best-known for his long-running role on 'Beverly Hills, 90210,' has died after suffering a stroke, his rep Arnold Robinson told USA TODAY on Monday. He was 52.
Read more »
Luke Perry, ‘90210’ and ‘Riverdale’ Star, Dies at 52Actor Luke Perry, known for roles in 'Beverly Hills 90210' and 'Riverdale,' died on Monday after suffering a massive stroke on Wednesday. He was 52. '[Perry] was surrounded by his children Jack and Sophie, fiancé Wendy Madison Bauer, ex-wife Minnie Sharp, mother Ann Bennett,
Read more »
Luke Perry, of '90210' fame, dead at age 52BREAKING: Actor Luke Perry, star of 'Beverly Hills, 90210' and 'Riverdale,' has died after suffering a massive stroke, spokesperson tells NBCNews.
Read more »