The downward pressure on oil prices and persistent natural gas prices below $3 per 1,000 cubic feet has continued to weigh on related stocks. The result has been a decrease the value of what had been well-performing stocks in the Portfolio.
CSI Compressco LP (NasdaqGS:CCLP) triggered its trailing stop during trade on Friday. If you have been following our approach, you are already out of the position. If not, sell this morning.
CCLP carries a 13.1% annualized dividend and had been strong until recently. As a result, the trigger Friday amounted to less than a 4% overall loss on the stock, Remember, the trailing stop dictates a sale if a share declines 30% from its highest value while held.