30 Day Dividends Trade Close: Archrock Inc.
The open 30 Day Dividends position Archrock Inc. (NYSE:AROC) has been hanging out there too long and it is time to get it off the open trades list. The trade was recommended on November 30, 2015. I recommended adding to the position at a lower price in January 2016. That second part of the trade was closed in April for a 54% gain.
Since the spring and in spite of a deep dividend reduction, the AROC share price has marched steadily higher. With dividends, the older, first recommendation is now up 18%. Since my goal with the 30 Day Dividend recommendations list is to produce profits in shorter-term trades, it is time to take profits and get the Archrock position off the open trades list and onto the closed trades list.
Recommendation: Sell any open positions in AROC to lock in your gains. I will use today’s (9/28/16) closing price to calculate the trade results.