Tesoro Logistics Breaks Above 200-Day Moving Average - Bullish for TLLP

By EnergyStockChannel.com,

Shutterstock photo

In trading on Friday, shares of Tesoro Logistics LP (Symbol: TLLP) crossed above their 200 day moving average of $55.68, changing hands as high as $56.55 per share. Tesoro Logistics LP shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of TLLP shares, versus its 200 day moving average: Tesoro Logistics LP 200 Day Moving Average Chart

Looking at the chart above, TLLP's low point in its 52 week range is $45.13 per share, with $71.92 as the 52 week high point - that compares with a last trade of $56.08.

According to the ETF Finder at ETF Channel, TLLP makes up 6.44% of the Junior MLP ETF (Symbol: MLPJ) which is trading up by about 0.9% on the day Friday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: TLLP , MLPJ

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