Taking Profits on UNG
by Mike Paulenoff
May 22, 2015 • 4:33 PM EDT
The US Natural Gas Fund ETF (UNG) climbed to a 4-month high on Tuesday at 15.28.
We tightened our stops on our UNG model portfolio position, antipating a peak in the initial recovery up-leg (+25% since the 3-year low at 12.27 on April 27) and looking to take a profit on our position from February 3.
Indeed, we were stopped out at 14.81 that same day (May 19) for a 7.3% gain.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
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