A Good Bet for an Uncertain Market

By
A A A
Share |

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

Chart Key

The Secret to Money-Doubling Trades They Don't Want You to Know
Professional traders Nick Atkeson and Andrew Houghton reveal their proven, time-tested strategy to finding money-doubling trades in a new report. It's the trading "secret" so effective they were banned from sharing it with you. Download your FREE copy here.



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



This article appears in: Investing , Stocks

Referenced Stocks: OKE

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Stocks

Referenced

Most Active by Volume

152,099,280
  • $16.13 ▼ 1.59%
76,450,549
  • $59.72 ▲ 1.07%
57,375,391
  • $36.35 ▲ 6.26%
50,140,425
  • $26.93 ▲ 0.60%
49,201,544
  • $3.17 ▲ 2.59%
39,533,031
  • $86.18 ▲ 1.33%
36,760,050
  • $13.42 ▲ 2.84%
33,109,047
  • $26.12 ▲ 1.16%
As of 4/16/2014, 04:05 PM