30DD Sell NGL Energy Partners 4-22-16 | Investors Alley

30DD Sell NGL Energy Partners 4-22-16

Close Position: Sell NGL Energy Partners

On April 21st, open 30 Day Dividends stock NGL Energy Partners (NYSE:NGL) announced a 40% reduction in the company’s quarterly distribution rate. The market viewed this as good news, and the NGL unit price is now trading at about $14.50, compared to a $9.40 closing value on April 20th.

It is time to sell any open positions in NGL and lock in your profits. The trade was recommended to 30 Day Dividend subscribers on March 3 ant $8.99 per unit. The result will be a 60% gain in less than two months.

Recommendation: sell NGL today, April 22, to lock in your gains.

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