Enterprise Products Partners' stock is well oriented and may test new highest levels.

The economic and financial situation of the company is opportune. Growth revenues are encouraging for coming years and EPS estimates have regularly been revised upward by Thomson Reuters analysts.

Technically, the security is in an uptrend on all time scales and it is supported by the 20-day moving average. Prices have recently tested the short term resistance at USD 61.65 and a strong buying signal may appear in case of breakout, confirmed in daily closing price.

According to both technical and fundamental elements, it seems opportune to take a long position above USD 61.65. The main target will be USD 67. A stop loss must be placed below the USD 60.65 short term support.