Friday, May 23, 2008

Charting SUG

Southern Union Co. (SUG) has been rising from its lows of mid March and is forming a desirable chart pattern.

SUG, together with its subsidiaries, engages in the gathering, processing, transportation, storage, and distribution of natural gas in the United States.

The chart shows the stock price breaking above the 50 DMA (4/25/08), holding well with a fairly strong move towards the 200 DMA and a the long term declining tops line.

Some of the positive aspects are:
  • Volume at 889,000 average shares/day
  • Yield of 2.3%
  • Reasonable book value
  • P/E of just under 15

SUG, trading this morning at 26.42, could possibly add some sweetness to a portfolio.



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