Trade Ideas: NBP
Another non-event day for the market as commodity prices stole the headlines. But one stock to benefit was NBP. The stock is trading close to resistance of $49.90, setting up a potential measured move target to $58. Further resistance lurks at $52. The point-n-figure chart holds to a price objective of $64 as part of a February 15th double top breakout. A 7.2% dividend yield is an added bonus.

Trade Ideas
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Northern Border Partners, L.P., through its subsidiaries, primarily engages in the transportation of natural gas imported from Canada to the United States. It operates in three segments: Interstate Natural Gas Pipelines, Natural Gas Gathering and Processing, and Coal Slurry Pipeline.
Trade Ideas
If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.