SPH Crosses Below Key Moving Average Level

In trading on Tuesday, shares of Suburban Propane Partners LP (Symbol: SPH) crossed below their 200 day moving average of $31.25, changing hands as low as $30.91 per share. Suburban Propane Partners LP shares are currently trading off about 4% on the day. The chart below shows the one year performance of SPH shares, versus its 200 day moving average:

Looking at the chart above, SPH's low point in its 52 week range is $20.93 per share, with $37.10 as the 52 week high point - that compares with a last trade of $30.98.

According to the ETF Finder at ETF Channel, SPH makes up 7.85% of the Junior MLP ETF (Symbol: MLPJ) which is trading lower by about 0.9% on the day Tuesday.

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.