Long Position on EQM @ $71.03 on 4/14/2014 (Fundamentals)

EQT Midstream Partners, LP (EQM) provides natural gas transmission, storage, and gathering services in southwestern Pennsylvania and northern West Virginia.

It owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company’s transmission and storage system includes approximately 700 mile interstate pipelines; and gathering system comprise approximately 1,600 miles of low-pressure gathering lines.

It serves local distribution companies, marketers, producers, and commercial and industrial users, as well as natural gas producers. EQT Midstream Services, LLC operates as the general partner of the company.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock. The formation is well supported by the stock's 50-day moving average (currently at $66.76.)

52-Week Trading Range: $35.26 - $73.43

Entry Point: $71.03

Stop Loss: $66.75

Target Price: $78.10

Updates

5/19/2014 10:27:26 AM

EQM reached our target. Closed at 78.22

Position closed on 5/19/2014 at price of $78.22 with a 10.12% gain in 35 days.

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