This is another one of those stocks that StockCharts.com has adjusted for a dividend. I noticed the adjustment immediately because the first thing I noticed when I checked KMP in TeleChart 2005 was the gap down on April 27. Also note that the stock was at 49 on the unadjusted chart (the second chart below). Despite StockCharts.com’s explanation for adjusting their charts like this I think I prefer the unadjusted charts.
I think the weekly chart captures what the stock’s been doing better than the shorter-term daily chart::
I just did a post on the same stock and reached the same conclusion. Fundamental analysis added in for free.