Remember WES goes ex-div in August and the dividend harvesters should start to move in.
My view is that WES is just retracing to it's trend line and hopefully will bounce at that point.
The trend line from the low of around $15 has been impressive. Looks like a lot of fund managers want to be long this stock.
I agree that it is a classic large cap portfolio stock so see downside as short term.,
A good trade on WES could be to sell $20.36 PUTs June09 expiry and pick up 60-70c premium. If exercised, take the stock and sell August CALLs, then you get the CALL premium plus the August dividend.
great chart, page-32
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Last
$66.82 |
Change
0.655(0.99%) |
Mkt cap ! $75.64B | |||
| Open | High | Low | Value | Volume |
| $66.69 | $66.93 | $66.46 | $21.22M | 317.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35 | $66.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.82 | 381 | 11 |
View Market Depth
| Last trade - 12.03pm 09/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |