Plains All American Pipeline Breaks Above 200-Day Moving Average - Bullish for PAA

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In trading on Wednesday, shares of Plains All American Pipeline LP (Symbol: PAA) crossed above their 200 day moving average of $21.99, changing hands as high as $22.25 per share. Plains All American Pipeline LP shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of PAA shares, versus its 200 day moving average: Plains All American Pipeline LP 200 Day Moving Average Chart

Looking at the chart above, PAA's low point in its 52 week range is $18.38 per share, with $31.93 as the 52 week high point - that compares with a last trade of $22.23.

According to the ETF Finder at ETF Channel, PAA makes up 6.72% of the MLP ETF (Symbol: MLPA) which is trading lower by about 0.2% on the day Wednesday.

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 Symbols: PAA , MLPA

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