|Teekay Offshore Partners (TOO), a Marshall Islands partnership, provides international marine transportation and storage services to the offshore oil industry. Is this worth your while, you wonder? You'll be surprised; the charts are worth looking at. Figure 1 shows Teekay Corp. (TK) and Teekay Offshore (TOO).|
|FIGURE 1: TOO VS. TK. Here's a chart of Teekay Offshore Partners superimposed on a chart of Teekay Corp.|
|Graphic provided by: MetaStock.|
|The chart shows that both stocks move almost in tandem -- I say almost because analysis reveals the following. TK was quoted at $11.50, while at the same date, November 28, 2008, TOO was at $6.50. But by August 3, 2010, TK's price was $29, a gain of 60.3% (29 - 11.50 = 17.50/11.50 = 60.3%), while TOO's gain was 72.74% (23.85 - 6.50 = 17.35/6.50 = 72.74%). TOO appears to be the better stock to invest in. The other advantage is that TOO is currently offering a yield of 8.1%, while TK is only offering 4.7%.|
|FIGURE 2: TK. Here's TK showing the buy signal given.|
|Graphic provided by: OmniTrader.|
|Figure 2 is currently giving a buy signal for TOO. If you look back over the chart, at the vote line, you can see how effective the buy signals given were. We can apply a different stop-loss (exit level) to the buy signal, but that is up to the investor. |
The chart also shows that the two indicators, the stochastic RSI cycle and the Hawkins MACD volume indicator, have also given buy signals. This is a share to buy and hold for the long term.
|Address:||3256 West 24th Ave|
|Phone # for sales:||6042634214|
Click here for more information about our publications!