The Enbridge Income Fund' stock has just broken out a major resistance level.

Sales estimates by the Thomson Reuters consensus are encouraging. Further, EPS estimates has recently been revise upward for 2013 and 2014.

Graphically, the trend is bullish on all time scales. The stock knows a sharp increase for many trading sessions and has just broken out the USD 25.9 medium term resistance. Thus, the bullish trend may accelerate towards USD 27.2 in the coming trading sessions.

Consequently, it seems opportune to take a long position at the current price. The main target will be USD 27.2. A stop loss must be placed below the effective entry point.