Partial Close Position: Sell Archrock Inc.
For 30 Day Dividends, I have recommended a new buy position in Archrock Inc. (NYSE:AROC) twice since November 2015. On November 30th, I recommended an entry at $10.57 per share with a $13.20 target price.
Then, on January 7th, I recommended a new or added position in AROC as one of my 2016 New Year Trades. At that time, AROC was at $6.09 per share and I set an $8.15 target price for any shares purchased at that time.
This is a sell recommendation for any shares you purchased in January. If you bought shares at each of the two recommendations, only sell the number of shares you purchased in January. I am leaving the November position open to work those shares back up to a profit level as the energy sector rally continues deeper into 2016. For any shares purchased in early January, at the current near $ 9.00 share price, we are locking in a 50% profit in four and a half months.
Recommendation: Sell any AROC shares purchased in early January 2016 to lock in the gains since that time.