Wednesday, June 13, 2012

Chart of the Day - Ferrellgas Partners (FGP)

The "Chart of the Day" is Ferrellgas Partners (FGP), which showed up on Monday's Barchart "NYSE 3-Month High" list. Ferrellgas on Monday posted a new 3-month high of $18.02 and closed up +3.19%. TrendSpotter has been long since May 3 at $15.78. In recent news on the stock, Ferrellgas on June 8 reported fiscal Q3 EPS of 26 cents versus the consensus of 19 cents and said it sees positive momentum carrying over into fiscal Q4. Ferrellgas Partners, with a market cap of $1.2 billion, is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.

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