This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

3 Oil and Gas Stocks Picking Up Steam

EQT Midstream Partners

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

EQT Midstream Partners (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. It provides natural gas transmission, storage and gathering services. This stock closed up 5.1% at $45.80 on Wednesday.

Wednesday's Volume: 10.10 million
Average Volume: 200,025
Volume % Change: 6192%

Shares of EQM ripped higher on Wednesday after the company announced the pricing of 11 million common shares representing limited partner interests at $43.50 per share.

>>Beat the S&P With 5 Stocks Wall Street Hates

From a technical perspective, EQM jumped higher here right above some near-term support at $43.22 with heavy upside volume. This move is starting to push shares of EQM within range of triggering a near-term breakout trade. That trade will hit if EQM manages to clear some near-term overhead resistance levels at $47.27 to its 50-day moving average at $47.91 with high volume.

Traders should now look for long-biased trades in EQM as long as it's trending above support at $43.22 and then once it sustains a move or close above those breakout levels with volume that hits near or above 200,025 shares. If that breakout hits soon, then EQM will set up to re-test or possibly take out its next major overhead resistance levels at $50.88 to its all-time high at $51.72. Any high-volume move above $51.72 will then give EQM a chance to tag $55 to $60.

Stock quotes in this article: MCEP, YPF, EQM 

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs