BPT Breakout

By Johns Wu on Jun 22, 2006

BPT, BP Prudhoe Bay Royalty Trust, has closed at all time highs today, after breaking out of an ascending triangle setup.

Although the volume today wasn't that impressive, this breakout to new highs is still considered valid because it is confirmed on the OBV. Keep BPT on your watchlist because "resistance becomes support."

I read the profile on BPT, and it looks interesting: "BP Prudhoe Bay Royalty Trust may not literally be on top of the world, but it's close: It makes its money from assets at the top end of Alaska (the North Slope). The trust was set up in 1989 by The Standard Oil Company and BP Exploration (both part of BP), along with The Bank of New York to passively administer overriding royalty interests."

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This entry was posted on Thursday, June 22nd, 2006 at 7:05 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

15 Responses to “BPT Breakout”

By Will on June 22nd, 2006 at 7:58 pm

Because this is a Trust fund, how does this change investing into it? What changes with a trust fund?

Thanks.

By JWU on June 22nd, 2006 at 8:18 pm

honestly… i have no idea. i dont even know what a trust fund really is haha. i just read the charts.

By Anonymous on June 23rd, 2006 at 3:44 am

BPT is NOT at an all time high. It was as high as $79.99 last year, so can ya even read charts???

By JWU on June 23rd, 2006 at 10:02 am

uhh. and where are u seeing 79.99? i think you need to read your charts more carefully

By JWU on June 23rd, 2006 at 10:03 am

nice bullish followthrough in BPT today, btw

By Anonymous on June 24th, 2006 at 7:00 am

It’s been to 78 and 79 in aug, sept, oct, 05

By JWU on June 24th, 2006 at 12:13 pm

where?

http://tinyurl.com/zko8b

check da chart

By ajs122 on June 25th, 2006 at 8:51 am

BPT owns a royality interest in the oil production from Prudhoe Bay. This means as in all resource stocks over time the resouce is declining as production continues. This is offset by the rise in crude prices. It’s very much like buying and owning an oil well without the headaches of managing it. Not a bad way to go.

By Anonymous on June 25th, 2006 at 10:39 am

wow whoeever anonymous is needs to get their eyes checked.

By DMS on June 25th, 2006 at 5:25 pm

Check your 1yr chart! Check your 52 week range!!!

By DMS on June 25th, 2006 at 8:46 pm

Perhaps ya could have someone read to you from page 26 of the 2005 Annual Report and Form 10-K.
2005 High Low
First Quarter $70.95 $46.40
Second 75.79 56.47
Third 79.99 69.50
Fourth 79.90 60.10

Now tell me who needs to read charts more carefully, or needs they’re eyes checked!!!

By ajs122 on June 26th, 2006 at 9:26 am

You have check your feed or source of prices. Depending on which source you use you’ll have different prices. Its just a bad feed. It happens all the time.

By DMS on June 26th, 2006 at 11:13 am

I don’t know how long JWU been watchin’ this, or where he/she gets info, but I’ve owned these units since 2000.

By JWU on June 26th, 2006 at 11:15 am

true.. i just checked on bigcharts, and they have a different chart from stockcharts..

strange…

By DMS on July 3rd, 2006 at 3:51 pm

Folks.. BPT has now hit new high.. interday $81.60.. closed at $81.56.