A Good Bet for an Uncertain Market


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ONEOK, Inc. (NYSE: OKE ) - This Oklahoma-based integrated natural gas company with an energy marketing and trading business has been consolidating within a triangle since early this year when it advanced from under $42 to over $50. 

It has recently held at its 200-day moving average, and on Tuesday, July 6, the stochastic issued a buy signal. 

With the overall stock market uncertain, this growth utility with a yield of more than 4% could be an effective way to outperform the stock market while receiving an above-average dividend yield. 

Technically, OKE could rise to $50 within several months, and fundamental analysis by S&P targets the stock at $56 within 12 months.

OKE Stock Chart

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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Sam Collins

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