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MMP

MMP Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of Magellan Midstream Partners LP (Symbol: MMP) crossed below their 200 day moving average of $69.12, changing hands as low as $68.74 per share. Magellan Midstream Partners LP shares are currently trading off about 0.7% on the day. The chart below shows the one year performance of MMP shares, versus its 200 day moving average:

Magellan Midstream Partners LP 200 Day Moving Average Chart

Looking at the chart above, MMP's low point in its 52 week range is $54.51 per share, with $77.45 as the 52 week high point - that compares with a last trade of $68.95.

According to the ETF Finder at ETF Channel, MMP makes up 7.01% of the MLP ETF (Symbol: MLPA) which is trading lower by about 1.2% on the day Thursday.

Click here to find out which 9 other energy stocks recently crossed below 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.


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

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