[Opening Position in Advantage Energy Inc Fd (AAV)]
Dear Member:
I am looking at a Canadian oil and gas royalty trust, Advantage Energy Income Fund (AAV) that has shown a dividend yield over 10% and the shares have broken resistance, moved above the 50 day exponential moving average and shown a positive DMI crossover. I am still wary of the market so I am going to try to enter a half position in AAV at a limit of $10.25. My initial exit if the play goes against me will be on a close below the 50 day exponential moving average which is currently around $9.80.
DISCLOSURE: At the time of publication, I have no position in AAV.
Sincerely,
Bill Kraft
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